Oil, Iran and Venezuela
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Trump, Venezuela and oil
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Oil rises
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Shares in Chevron, Exxon and other energy companies climbed, while oil prices jumped, on Monday after Maduro's ouster.
Oil and gasoline prices could rise slightly due to Venezuelan export losses and geopolitical uncertainty, though pump prices remain at COVID-19 lows.
Oil prices climbed as escalating geopolitical risks - from U.S. tanker seizures to unrest in Iran, Iraqi nationalization moves, and a Black Sea drone attack - heightened fears of a major supply disruption.
"The physical global oil market situation remains the same. Oil prices have declined due to an oversupplied global oil market."
NEW YORK (Reuters) -Oil prices gained about 1% on Monday after the OPEC+ production increase planned for November was more modest than expected, tempering some concerns about supply additions, though a soft outlook for demand is likely to cap near-term gains.