Venezuela shock may rock oil, stocks this week
Yahoo Finance·2026-01-05 11:20

Group 1: U.S. Military Action in Venezuela - Approximately 15,000 personnel were involved in the raid to capture Venezuelan President Maduro [1] - U.S. troops are expected to be stationed off Venezuela's coast, but the duration of their presence remains unclear [1] - President Trump stated that the U.S. would "run" Venezuela and stabilize the government to resume oil production [3] Group 2: Impact on Financial Markets - The capture of Maduro has led to a boost in stock futures, with the Dow Jones up about 30 points and Nasdaq-100 futures up 98 points [5][7] - The S&P 500 ended the previous week down 1%, while the Nasdaq fell 1.5% and the Dow decreased by 0.7% [13] - The market had previously experienced a bullish year in 2025, with the S&P 500 up 16.6% and the Nasdaq up 20.4% [13] Group 3: Venezuela's Oil Reserves - Venezuela holds the world's largest proven oil reserves, estimated at 300 billion barrels, surpassing even Saudi Arabia [9] - Oil production in Venezuela has declined by approximately 70% since 2000 due to various factors including corruption and mismanagement [11] - Trump indicated that U.S. companies would be invited back to manage Venezuela's oil resources, which were previously controlled by them until expropriated in 1976 [11] Group 4: Economic Outlook and Reports - Upcoming economic reports, including job growth and consumer confidence, are expected to influence market reactions to the situation in Venezuela [19][20] - The unemployment rate increased to 4.7% from 4.6% in November, with job creation dropping to about 54,000 from 64,000 [22]

Venezuela shock may rock oil, stocks this week - Reportify