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Oil prices are expected to see only a limited reaction to the United States’ military action against Venezuela, with market experts saying the incident adds a risk premium but is unlikely to disrupt global crude supply in a meaningful way. Analysts quoted by news report said that Venezuela’s oil exports have already been under pressure due to sanctions and logistical constraints, reducing the scope for a fresh shock. Giovanni Staunovo, a strategist at Swiss bank UBS, told UAE-based The National News that it is still early to fully assess the impact, but Venezuelan production and exports have been trending lower…
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