Crude oil slumps, Asian shares edge lower as global tensions climb

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TOKYO: Crude futures slid and resource shares climbed in Asian trading as markets absorbed the impact of political upheaval in Venezuela and the fate of its petroleum reserves. Oil prices continued their slide after U.S. President Donald Trump said Venezuela will be “turning over” up to 50 million barrels of oil to be sold at its market price following the toppling and capture of the nation’s leader. Read full story

Date: 7 January, 2026 11:15 am
Source: thestar.com.my

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