BY TYLER DURDEN
TUESDAY, JAN 06, 2026 – 08:35 PM
Update (2035ET):
Brent crude futures fell after a Truth Social post from President Trump said officials in Venezuela will transfer "30 to 50 MILLION barrels of high-quality, sanctioned oil" to the U.S.
"This oil will be sold at its market price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States," Trump said.
He added, "I have asked Energy Secretary Chris Wright to execute this plan immediately. The oil will be taken by storage ships and brought directly to unloading docks in the United States."
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