🚨 TRUMP’S VENEZUELA DEAL vs. THE OIL SHOCK
Venezuela holds around 303B barrels of oil reserves, but produces just over 1M barrels/day due to its extra-heavy crude and infrastructure challenges.
Meanwhile, around 20M barrels/day normally pass through the Strait of Hormuz—nearly 20% of global oil supply.
Even an additional 1M barrels/day from Venezuela would replace only about 5% of those flows.
📈 Oil supply pressure could remain high, keeping inflation and Fed policy in focus.
#WTICrudeOil# #Inflation# #OPINIONLEADER#
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