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International Business Times UK
International Business Times UK
Kella Pacquiao

Canadian Oil Stocks Sink by 7% as Venezuela Chaos Sparks Market Shock After US Ousts Maduro

KEY POINTS

  • Operation Absolute Resolve triggers volatility for Alberta oilsands giants
  • Canadian energy stocks slide as US incursion in Venezuela sparks competition fears

Canadian energy stocks fell sharply on Monday as investors digested the fallout from Venezuela's political upheaval, even as North American oil prices edged higher.

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