India, Jan. 7 -- Extending yesterday's decline, crude oil plunged today due to emerging supply side concerns following U.S. attempts to gain control of Venezuelan oil wealth.
WTI Crude Oil for February delivery was last seen trading down by $1.11 (or 1.94%) at $56.02 per barrel.
On January 3, U.S. forces barged into Venezuela to airlift its President Nicolas Maduro and his wife to the U.S. and put them on trial.
U.S. President Donald Trump, who ordered the high-intensity raid and monitored the entire operation, soon announced that the U.S. will be "running" Venezuela and the U.S. would have access to the nation's oil wealth.
Currently, an interim government is run by Vice President Delcy Rodriguez.
Yesterday, Trump announced that Venez...