Schwab Network podcast

Venezuela's Short v. Long-Term Oil Impacts & How XOM, CVX Play a Role

0:00
6:49
15 Sekunden vorwärts
15 Sekunden vorwärts

Crude oil prices spiked then slid over recent trading sessions following the U.S. capture of Venezuelan president Nicolás Maduro. Ted Parkhill attributes the price action to the U.S. increasing access to oil, thus creating more oversupply. Brandon Win agrees and makes the case for Venezuela having a long-term impact toward a more significant price drop. They also talk about companies in the trade like Exxon Mobil (XOM) and Chevron (CVX) and their role in rebuilding Venezuela's oil infrastructure.


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