Oil prices moved away from recent lows as Trump ordered a blockade of sanctioned oil tankers in Venezuela.
The move is relatively modest, and oil stocks like XOM, CVX, etc. show modest reaction as well.
Taking a look at longer timeframes in oil stocks, it looks that the market does not expect any significant impact from whatever happens in Venezuela.
Imagine Maduro falls, US companies get back their assets, etc. etc. I wonder if this is an opportunity, although oversupply conditions make me cautious.