Trump Claims Venezuela Will Turn Over Up to 50 Million Barrels Of Oil To the US, With Proceeds 'Controlled by Me' - United States Oil Fund (ARCA:USO)

Core Viewpoint - Venezuela's interim authorities are set to ship between 30 and 50 million barrels of sanctioned crude oil to the United States, following the capture of President Nicolás Maduro, with the proceeds intended to benefit both nations [1][2]. Group 1: Oil Shipment Details - The shipment will consist of "high quality, sanctioned oil" sold at market prices, with gross proceeds expected to be nearly $2.8 billion based on current market prices [2][4]. - The oil will be transported on storage ships directly to unloading docks in the U.S. [2]. Group 2: Market Impact - Following the announcement, crude oil futures dipped, with WTI Crude futures for February delivery trading at $56.42 per barrel, down 1.24% [3]. - The United States Oil Fund LP (NYSE:USO), which tracks daily crude oil prices, was down 2.44% on Tuesday, trading at $68.51 [4]. Group 3: Political Context - Trump's administration has threatened further military interventions in Venezuela if the interim authorities do not cooperate with economic recovery efforts [3]. - Venezuelan Vice President Delcy Rodriguez, now the interim leader, is warned of facing a situation potentially worse than that of Maduro [3].