Venezuela has world’s largest proven crude oil reserves, but severely lags in production January 3, 2026January 3, 2026 · Business · By ReportWire Bet_Noire/iStock via Getty Images WTI crude oil futures (CL1:COM) will be in focus after the U.S. on Saturday said it had conducted a strike against Venezuela and captured its leader, Nicolás Maduro. The move marked a culmination of escalating tensions between the two nations Source link