US President Trump says that the US does not have an oil shortage and are taking millions of barrels of oil from Venezuela

President Trump's comments on the U.S.

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US President Trump says that the US does not have an oil shortage and are taking millions of barrels of oil from Venezuela

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  • Have a great relationship with Venezuela.
Context

not facing an oil shortage while tapping into Venezuelan oil suggest a potential easing of tensions around energy supply. This could influence oil prices, particularly WTI and Brent, and may have broader implications for USD and risk assets, especially if this leads to a shift in geopolitical dynamics or market sentiment regarding energy security.

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