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US President Trump says it would be better for Venezuela to remain in OPEC but is unsure if this would be beneficial to the US

Newsquawk Staff ·

US President Trump says it would be better for Venezuela to remain in OPEC but is unsure if this would be beneficial to the US.

What it means

Trump's comments on Venezuela's OPEC membership hint at a complex interplay between U.S. foreign policy and global oil dynamics. While suggesting stability in OPEC may be preferable, his uncertainty about its benefits to the U.S. could lead to volatility in energy prices, influencing currency and equity markets. Traders should keep an eye on how this might affect oil supply perceptions and related asset classes.

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