Brent crude futures initially fell toward $60 per barrel on Monday before turning higher, as investors assessed the implications of the US attack on Venezuela and the capture of President Nicolas Maduro. Markets are weighing the potential impact on regional crude supply, given that Venezuela holds the world’s largest proven oil reserves. However, some analysts expect limited disruption, noting that Venezuela currently produces less than 1 million barrels of crude per day, accounting for under 1% of global output. Others warn that oil prices could rise later this year amid concerns that more aggressive US pressure on global adversaries, including Iran, may tighten supply conditions. Meanwhile, the White House is reportedly urging US companies to help revive Venezuela’s oil industry if they seek compensation for assets expropriated by the country roughly two decades ago.