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Oil falls on increased US rig count, China industrial slowdown

Oil falls on increased US rig count, China industrial slowdown

A few hours earlier, Netanyahu had issued a statement declaring Israel's recognition as Guaido as interim president of the Latin American country. Venezuelan diplomats in Washington were already returning to Caracas on Saturday, he said.

Venezuela has sunk into turmoil under President Nicolas Maduro, with ongoing food shortages and daily protests amid an economic and political crisis.

Maduro accused the USA of attacking on Venezuela and planning a coup attempt in the country.

Australia, meanwhile, said it "recognizes and supports" Guaido as interim president pending elections.

Regime ally Russian Federation has accused the US of trying to stage a coup, and according to a report last week has dispatched about 400 military contractors to help Maduro with security amid street protests that have resulted in multiple deaths amid a military crackdown.

Trump last week announced that the US would recognize Guaido as the legitimate president of the country.

He contends that Maduro's reelection to a second six-year term was fraudulent.

EU powers shifted toward the US position Saturday with envoys of the United Kingdom and Germany saying the European Union would recognize Guaido as interim president unless a new election is called within eight days.

Oscars snub Bradley Cooper as director, 'Beale Street' as best picture
The same logic would seem to hobble Green Book , whose five nominations do not include a best director nod for Peter Farrelly. On Tuesday, the 61-year-old filmmaker received his first ever Best Director Oscar nomination for last year's BlacKkKlansman .

He also rejected an ultimatum set by some European countries for fresh election in Venezuela, calling those countries "insolent". "Just think logically", Peskov said, addressing reporters.

Washington has threatened to intervene if any threats are made against American diplomats or Guaido, with President Trump's National Security Adviser John Bolton warning any such actions will be met with "a significant response".

Maduro has received support from Russia, Syria, Turkey and China as well as longtime allies Cuba and Bolivia. Everybody can see the security guards who protect Maduro.

Maduro stated that they are going to overcome the problem in his country with laws and justice, and added he is "open for dialogue".

In an interview with Turkish private broadcaster CNN Turk, Maduro stressed that his country has no political and diplomatic relations with the US and described Secretary of State Mike Pompeo's remarks at the United Nations Security Council (UNSC) as "the words of a falling country".

Venezuela's military attache in Washington, Army Colonel Jose Luis Silva, switched his support to Guaido in a video that called on his brothers in arms to follow his lead.

Pompeo urged nations to end financial transactions with Maduro's government, which has struggled to pay bills despite the country's oil wealth. He said he also wanted his own diplomats "to defend Venezuelan interests in the U.S." comparing the arrangement to that of the US and Cuba, which had no diplomatic relations but maintained ties through lower-level officials in each country.

Trump administration also said Monday it would block 7$ billion in assets of Venezuela's state-run oil company.

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