US Oil prices turn higher after US attacks Venezuela, captures Maduro

Oil prices rose in early Asian trade on Monday, reversing initial losses after the U.S. over the weekend captured Venezuelan President Nicolas Maduro and said it was taking control of the Latin American country.

Traders also digested an OPEC+ decision to leave oil production unchanged, amid heightened political tensions between Saudi Arabia and the UAE over a conflict in Yemen.

Brent oil futures for March rose 0.3% to $60.90 a barrel by 19:09 ET (00:09 GMT), while West Texas Intermediate crude futures rose slightly to $57.16 a barrel.

Oil prices were nursing an over 18% slide in 2025, their worst in five years, as fears of a supply glut and weakening demand battered crude markets.