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Oil markets face three possible scenarios in Venezuela

May 2, 2019

Venezuela’s political and humanitarian crisis remains fluid with President Nicolas Maduro clinging to power amid protests led by opposition leader Juan Guaido.

Street protests are expected to continue Thursday with Guaido telling thousands of supporters yesterday that “there’s no turning back” as he called for a series of national strikes. In the meantime, Venezuelans are reportedly experiencing shortages of food and medicines.

What the current situation, and any potential outcomes, mean for Venezuela’s primary economic asset — its oil sector — are now under scrutiny.

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