Oil prices fell by about 1% following the arrest of the Venezuelan president

Oil prices rose by more than 1% in early Asian trading on Monday, following the arrest of Venezuela President Nicolas Maduro during a US military operation, and amid Washington’s intention to exploit the country’s massive crude oil reserves.
At approximately 23:00 on Sunday, GMT, the price of a barrel of US West Texas Intermediate crude fell by 0.70% to $56.92, and the price of a barrel of Brent North Sea crude fell by 0.63% to $60.37.

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