"Negative For Oil Prices In Long-Run": What Maduro's Purge Means For Oil According To Goldman's Trading Desk

Shortly after news spread of the deposing and extraction of Nicolas Maduro from Venezuela, we said that the unprecedented speed (and efficiency) of the US military operation (which may have seen at least partial assistance from the Venezuelan army) meant more downside for oil as more production was about to come on line, something which Polymarket's weekend markets confirmed ahead of Sunday's restart of crude futures trading.