US President Donald Trump said Washington expects to oversee Venezuela for years and extract oil from its vast reserves following the arrest of leader Nicolas Maduro. He hinted at long-term control of Venezuelan oil sales to stabilise the country and global energy prices

The rupee weakened by 3 paise to 89.90 against the US dollar in early trade on Thursday due to rising global crude oil prices, FII selling and a stronger dollar. A strengthening dollar and weaker sentiments in the domestic equity markets put additional pressure on the rupee, forex traders said