Oil extends losses as Trump flags Venezuela shipments, stocks wobble

Crude has seen wild swings since the US president ordered the toppling Saturday of Nicolas Maduro, his counterpart in Caracas, and said Washington would run the country while demanding "total access" to its key resource. But it sank as much as two percent Tuesday and around one percent Wednesday after Trump announced the latest development. "The Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America," he wrote on his Truth Social platform.