U.S. strike on Venezuela: 3 scenarios for Indian oil stocks when markets reopen
U.S. forces captured Venezuelan President Nicolas Maduro on Saturday after an attack ordered by President Donald Trump, Reuters reported. Venezuela’s oil exports were already halved in December due to a U.S. blockade, and port captains have since halted shipments. Brent crude closed Friday at $60.75 a barrel. Indian oil stocks face pressure as higher crude prices could squeeze margins for major refiners.