Oil prices fall after arrest of Maduro

Global oil prices have been declining since US Delta Force troops arrested Venezuelan President Nicolas Maduro.

The BBC reported the development on Monday, January 5.

US forces launched an operation in Caracas late Saturday night and took Maduro to New York.

Experts said any disruption to Venezuelan oil exports can be easily offset by supply from other parts of the world.

While oil prices have fallen, prices of gold, silver and other precious metals have risen as investors shift towards safer assets.

According to the BBC, gold prices rose by nearly two percent to 4,408 dollars per ounce, while silver prices increased by 3.5 percent.