The oil market will be closely eyeing the Oct. 7 election in Venezuela, where an upset victory...

|By:, SA News Editor

The oil market will be closely eyeing the Oct. 7 election in Venezuela, where an upset victory by Henrique Capriles over Pres. Hugo Chavez could boost the country's sagging oil output. Capriles’ recent rise has generated questions about whether oil prices would rise in the short term on the possibility that a divided election would spawn political uncertainty.