Venezuela Default Probability Has Never Been Higher; Maduro "Working To Raise Oil Prices" | WHAT REALLY HAPPENED

Venezuela Default Probability Has Never Been Higher; Maduro "Working To Raise Oil Prices"

With OPEC slashing demand expectations to 12 year lows, oil prices have re-cratered today putting further pressure on socialist-utopia Venezuala which needs $121/bbl to break-even. Credit risk for the South American nation has exploded today to record highs - implying a 93% probability of default and President Maduro has taken to the airwaves to calm a benefit-needy nation... tensions are mounting...

Default risk has gone vertical...

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