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Venezuela Sanction Pushes Oil Prices UpVenezuela Sanction Pushes Oil Prices UpOil prices gained traction yesterday as concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry outweighed pressure from a darkening outlook for the global economy. U.S. West Texas Intermediate (WTI) crude futures were at $53.43 per barrel up 12 cents, or 0.2 per cent, above their last settlement, while the international Brent crude […]
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Oil prices climb as U.S. threatens sanctions against Venezuela – Daily TrustOil prices edged up on Friday as turmoil in Venezuela increased the chances of tighter global supply if the U.S. makes good on signals that it could impose sanctions on Venezuelan exports. However, fresh data on surging U.S. fuel stocks and worries about U.S.-China trade talks weighed on prices.ADVERTISEMENT Brent crude oil futures were at …
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Oil Prices Fall On Growing US SupplyOil prices fell by 1 per cent yesterday on growing U.S. supply, although the mood in global markets was increasingly confident amid hopes the United States and China may soon end trade disputes that have undermined global economic growth. U.S. West Texas Intermediate (WTI) crude oil futures were at $51.75 per barrel down 61 cents, […]
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