Yorkville Asset Management

This article looks at the U.S. operation in Venezuela and what it could mean for markets. These events often cause a short-term market reaction, but they rarely change the longer term trend. Even though Venezuela has huge oil reserves, years of underinvestment mean it could take 10 to 15 years to rebuild production. So, we expect limited near term impact on oil prices and client portfolios, and our overall outlook remains unchanged.

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