After Maduro is ousted, crude oil prices increase as Wall Street prepares for a significant week that will bring the U.S. economy back into Trump’s focus

On Sunday evening, stock futures and oil prices saw a slight increase as investors started to understand the implications of the U.S. military raid on Venezuela that led to the capture of Nicolas Maduro.

Even though the country has the world’s largest proven oil reserves, its oil production has been decreasing for years because of U.S. sanctions, mismanagement by the Maduro regime, and lack of investment.

President Donald Trump stated on Saturday that removing Maduro will lead to a large amount of investment in Venezuela’s oil industry and increase production. However, analysts have said that this could take several years.

Meanwhile, due to Venezuela’s decreasing influence in the global oil market, Wall Street is downplaying the near – term effects of U.S. intervention there.

“The actual situation of the global oil market remains unchanged. Oil prices have dropped because the global oil market is oversupplied,” said Rob Hummel, a senior portfolio manager at Tortoise Capital Management, in a note. “The current events in Venezuela do not change this situation.”

U.S. oil futures went up by 0.19% to $57.43 per barrel, and Brent crude rose by 0.28% to $60.92 per barrel. Both benchmarks reversed their earlier losses.

OPEC+ also supported plans to… through the first quarter and postponed any further price hikes as the oil markets still face an oversupply.

Futures linked to the Dow Jones industrial average were almost flat, down 5 points. S&P 500 futures increased by 0.10%, and Nasdaq futures went up by 0.32%.

The yield on the 10 – year Treasury remained unchanged at 4.191%. The U.S. dollar increased by 0.14% against the euro and 0.22% against the yen.

Gold increased by 1.7% to $4,403.70 per ounce, and silver jumped by 5.4% to $74.86. Bitcoin rose slightly by 2.3% to $92,265.

After the successful raid in Venezuela,… and warned that Cuba is “very similar” to the Maduro regime.

However, the economic schedule may shift his focus back to the U.S. economy instead of more foreign involvements. The upcoming economic data is highly anticipated as it will mostly be free from the distortions caused by the government shutdown.

On Monday, the Institute for Supply Management will release its manufacturing activity index. On Wednesday, ADP will publish its private – sector payroll report, and the Labor Department will release the job opening and turnover report.

And on Friday, the Labor Department will issue its monthly jobs report. Wall Street expects an increase of only 54,000 jobs and another rise in the unemployment rate to 4.7%.