Venezuela Weighs OPEC Exit Amid Global Oil Price Volatility

International crude oil prices dipped on Saturday as investors grappled with reports that Venezuela is considering leaving OPEC, potentially disrupting global oil supply.

Brent crude slid to $88.10 per barrel, while West Texas Intermediate (WTI) fell to $83.40 per barrel, according to a recent market survey.

The modest decline came amid a report by Bloomberg that Venezuela is weighing a possible withdrawal from OPEC after nearly three decades as a member of the influential oil producers' group.

Venezuela has not officially confirmed its decision to leave OPEC, but any departure could have significant implications for the international oil market due to the country's substantial crude reserves and long-standing role within OPEC.