Oil falls on prospect of higher Venezuelan output, ample supply outlook

Core Viewpoint - Oil prices declined as traders considered the potential increase in Venezuelan crude output following the U.S. capture of President Nicolas Maduro, contributing to expectations of sufficient global supply amid weak demand [1] Group 1: Oil Prices - Oil prices fell on Tuesday due to market reactions to geopolitical events [1] - The decline in prices is linked to expectations of higher Venezuelan crude output [1] Group 2: Supply and Demand Dynamics - There are growing expectations of ample global oil supply this year [1] - Weak demand is a significant factor influencing the current oil market conditions [1]