Crisis-stricken has been thrust back into the energy spotlight, analysts told CNBC on Monday, with a further slide into political chaos likely to trigger wild swings in the oil price.

The oil-rich, but cash-poor, South American country is embroiled in a . It comes after an opposition leader stood in the streets of Caracas last week and declared himself as the rightful president.

Growing unrest in Venezuela follows years of economic mismanagement, repression and corruption.

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