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Edition: U.S. Article Comments (0) Full Focus Editor's choice A selection of our top photos from the past 24 hours. Full Article Follow Reuters Facebook Twitter RSS YouTube Read White House snubs McConnell invitation to Obama 12:51pm EDT U.S. caught China buying more debt than disclosed 12:47pm EDT Putin says Russian 2012 election will be dirty 8:34am EDT NATO air strike kills fighter linked to Afghan hotel attack 12:46pm EDT "Tudors" star Rhys Meyers hospitalized: report 3:29pm EDT Discussed 99 Top Republicans insist no taxes in debt deal 71 U.S. cost of war at least $3.7 trillion and counting 65 Bachmann facing scrutiny as top-tier candidate Watched A Tokyo-Paris flight in under three hours on the horizon Fri, Jun 24 2011 Austerity vote passed amid violent Greek protests Wed, Jun 29 2011 Hefner's revenge; Ryan Reynolds stops traffic Fri, Jun 17 2011 Venezuelans scour video for Chavez health clues Tweet Share this Email Print Related News Venezuela scraps summit due to Chavez health Wed, Jun 29 2011 New video shows talkative Chavez Wed, Jun 29 2011 Rumors over Chavez absence reach frenzy in Venezuela Tue, Jun 28 2011 Scenarios: Chavez health saga keeps Venezuela guessing Tue, Jun 28 2011 China premier's call for reform draws accolades and barbs Tue, Jun 28 2011 Analysis & Opinion Washington Extra – Her Waterloo Thailand in July? Related Topics World » Venezuela » People walk past graffiti depicting Venezuelan President Hugo Chavez in Caracas June 27, 2011. Credit: Reuters/Carlos Garcia Rawlins By Daniel Wallis and Andrew Cawthorne CARACAS | Thu Jun 30, 2011 4:14pm EDT CARACAS (Reuters) - Venezuelans pored over the latest video of President Hugo Chavez for clues to his health on Thursday after the scrapping of a regional summit he had been due to host kept the guessing game going. Analysts say his prolonged absence since undergoing surgery on June 10 in Havana is fueling tensions between factions in his ruling Socialist Party, though it is unclear whether his opponents can capitalize on the situation. The saga over the 56-year-old socialist leader's condition has captured the attention of Latin American governments and convulsed politics in the already turbulent nation he has led since 1999. "Uncertainty is now intensifying in Venezuela," said Diego Moya-Ocampos, a Venezuelan analyst at IHS Global Insight. "A prolonged absence by Chavez could encourage a likely political crisis of unprecedented levels." Hours after releasing new video on Wednesday of Chavez with Cuba's Fidel Castro aimed at stopping speculation that he is seriously ill, Venezuela canceled a July 5-6 regional summit coinciding with its 200th anniversary of independence. That was a heavy blow for supporters who wanted the charismatic but authoritarian president -- well-known for grandstanding at such big events -- back home in time for the national party. Inheriting Castro's mantle as Washington's main irritant in Latin America, Chavez has become one of the world's most recognizable leaders during his 12 years in power. The official line remains that he is recovering well from an operation to remove a pelvic abscess and will return soon. But the unusual silence from the normally garrulous president has prompted rumors he might have something worse, maybe prostate cancer. It has also underlined the lack of any clear successor who could take the reins of the OPEC nation. Given past violence, especially around a short-lived coup against Chavez in 2002, the potential for more bloodshed always lurks in a heavily-armed nation mired in political bitterness. BOTH SIDES STUDY VIDEO The lack of details have left supporters and opponents scouring the new video, in which Chavez is seen walking with his mentor Castro, as well as sitting chatting about history. Supporters latched onto the fact the president sounded fine and looked better -- albeit thinner than usual -- than in the one set of photos released a week after his operation. "President Chavez is alive and well, despite media myths and lies," said Eva Golinger, a U.S. lawyer close to the president. One opposition-leaning news website pointed out that a wheelchair could be seen in the background at points in the video, suggesting Chavez used it when not on camera. "The video seems aimed more at Chavismo than the rest of the world, sort of sending the message he is still around, don't stir the pot and follow the party line or else," one blogger wrote. Some die-hard opponents of Chavez have even suggested the whole thing might have been concocted using computer graphics and old footage -- despite both men clearly filmed reading articles from Tuesday's edition of the Cuban Communist Party's newspaper Granma. The new images left major questions unanswered, perhaps the most pressing being: if he is well enough to chat at length with Castro, why has he still not addressed the nation? The saga has caught the attention of Wall Street, where Venezuela's widely traded debt rallied again on Thursday on the prospects of Chavez's illness leading to political change and a more market-friendly leadership winning elections next year. "We think the possibility of a democratic transition may continue to increase, providing additional support to Venezuelan assets," Barclays Capital wrote in a research note. Venezuela's benchmark dollar-denominated 2027 global bond rose 1.000 point in price to bid 74.500 with a yield of 13.070. That followed a 2.8 percent rally on Monday. Local analysts say some in the market appear to have decided a weakened Chavez is better than no Chavez at all -- which would imply a power vacuum and potential for chaos. A government program to repurchase their bonds and ones from state oil company PDVSA may also be supporting prices. (Reporting by Daniel Wallis and Andrew Cawthorne; Editing by Anthony Boadle) World Venezuela Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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