Focus will be on the oil markets Sunday after the regime change in Venezuela. WTI crude oil futures (CL1:COM) (USO) begin trading on Sunday at 5 p.m. Central Time (CT), according to CME Group. Trading continues through Friday,

Oil futures opened the year with a modest decline as the continuing Ukraine-Russia war and rising Middle East tensions countered concerns about oversupply.

"The physical global oil market situation remains the same. Oil prices have declined due to an oversupplied global oil market."

Asian stocks opened higher and oil prices were choppy on Monday as investors looked past U.S. military action over the weekend in Venezuela.

Crude oil futures stall at the 50-day average as U.S. growth, Venezuela tensions, and rising inventories shape the short-term outlook for traders.

Crude oil futures fall as markets react to US military actions in Venezuela and the capture of President Maduro.

Venezuelan President Nicolás Maduro has been captured and flown out of the country following a largescale US strike on Caracas, leaving behind uncertainty for the country – and its massive oil reserves.

Oil futures were lower to start the year with concerns about oversupply partially contained by geopolitical risks.