Core Viewpoint - The oil market is currently influenced by two contrasting scenarios: increasing supply risks from Venezuela and the potential for a peace agreement between Russia and Ukraine [1] Group 1: Supply Risks - Venezuela's oil supply is facing significant risks, which could impact global oil prices and availability [1] - The instability in Venezuela may lead to a decrease in oil production, further tightening the market [1] Group 2: Geopolitical Factors - The possibility of a peace deal between Russia and Ukraine could alter the dynamics of oil supply and demand, potentially stabilizing prices [1] - A resolution to the conflict may lead to increased oil exports from Russia, affecting global supply chains [1]