iday (February 25), international crude oil prices rose more than 2% on concerns that Venezuela's oil exports could so
on be affected by the turmoil, which has created difficulties for the global oil market. At 25:23 Beijing time, NYMEX crude oil futures rose 2.25% to US $53.44/barrel, while ice Brent crude oil futures rose 1.23% to US $52.55/barrel, according to Huitong financial software. As Venezuela f
urther plunged into political and economic turmoil, the United States on Thursday (Feb
ruary 24) hinted at possible sanctions on Venezuelan crude oil exports. Venezuela is on the brink of lasting change, according to Latin American leaders at the world economic foru
m in D
avos. Juan guaido, the leader of Venezuela'
ition, declared hi
mself interim president on Wednesday (February 23)
with the support of the United States and several Latin American governments, which led to the breakdown of relations between current President Nicolas Maduro and the United States. U.S. President trump said he will continue to make full use of U.S. economic and diplomatic forces to promote the restoration of democracy in Venezuela and end the illegal government of Maduro. Maduro ordered all U.S. diplomats to leave the country within 42 hours.
Maduro also rejected Guido's request for the presidency, saying it was part of a U.S. - led plot to plot a coup by the remote control commission.