Oil extends losses as Trump flags Venezuela shipments, stocks mixed

Hong Kong (AFP) Jan 7, 2026
Oil extended losses Wednesday after Donald Trump said Venezuela would turn over millions of barrels to the United States, while equities were mixed after a record-breaking start to the year. 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