Oil prices edged higher Sunday evening as investors assessed the implications of the U.S. military raid in Venezuela that led to the capture of Nicolas Maduro. While the immediate impact on the global oil market is expected to be limited, the news injected a degree of volatility into trading.

U.S. oil futures rose 0.19% to $57.43 a barrel, and Brent crude climbed 0.28% to $60.92 a barrel, reversing earlier losses. These gains occurred against a backdrop of an oversupplied global oil market, a factor that analysts believe will continue to exert downward pressure on prices in the near term.

The market's muted reaction reflects a consensus that Venezuela's influence on the global oil landscape has diminished significantly in recent years. Despite possessing the world's largest proven oil reserves, Venezuelan production has been hampered by U.S. sanctions, mismanagement under the Maduro regime, and chronic underinvestment.

President Trump stated that Maduro's removal would trigger a surge of investment in Venezuela's oil industry and a revival of output. However, analysts caution that such a turnaround could take years to materialize. Rob Hummel, senior portfolio manager at Tortoise Capital Management, noted that the "physical global oil market situation remains the same" and that the events in Venezuela do not fundamentally alter the oversupply dynamic.

Looking ahead, OPEC's decision to maintain steady production through the first quarter will likely reinforce the existing market conditions. Wall Street is bracing for a busy week with key economic data releases that could put the U.S. economy back on President Trump's radar, potentially influencing future policy decisions related to the oil industry and international trade.