Oil Experts Wish Chavez Could Win

The President of Venezuela Hugo Chavez is likely to win in a referendum on Sunday. Analysts believe, that his victory will appeal foring investors to Venezuela.

?If President Chavez wins it, there is a belief that Western oil companies might be encouraged to come back into the country and invest,? Commerzbank analyst David Thomas said., adding, ?That would ease concerns over supply.?

?For the oil industry, the worst outcome that could happen (Sunday) would be something that continues to leave uncertainty,? said Julian Lee, an analyst at the Centre for Global Energy Studies.