00:00It's Benzinga bringing Wall Street to Main Street.
00:02Morningstar said the U.S. military intervention in Venezuela does not alter its oil price outlook,
00:08citing the long timeline and large capital needs required to modernize the country's oil
00:12infrastructure. According to The Wall Street Journal, analyst Joshua Aguilar said regime
00:17changes rarely lead to rapid investment or stable supply, particularly during power struggles.
00:23Morningstar maintained medium-term price estimates of $65 a barrel for Brent and $60
00:28a barrel for WTI, adding that any upward price movement would likely be short-lived.
00:34Oil prices edged lower in early Asian trading as markets weighed the possibility of sanctions
00:39relief. For all things money, visit Benzinga.com.
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