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Canadian crude oil prices plummet in fallout of Maduro’s capture

Canada’s crude prices on the United States Gulf Coast have collapsed in the wake of Venezuelan leader Nicolas Maduro’s capture by U.S. authorities, marking the largest plummet in several years.

Quinn Patrick
Jan 08, 2026
∙ Paid
Source: Adobe Stock

Canada’s crude prices on the United States Gulf Coast have collapsed in the wake of Venezuelan leader Nicolas Maduro’s capture by U.S. authorities, marking the largest plummet in several years.

The drop in price followed U.S. President Donald Trump’s announcement that Venezuela would relinquish as much as 50 million barrels of oil to t…

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