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Venezuela Sanction Pushes Oil Prices UpVenezuela Sanction Pushes Oil Prices Up

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Oil 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 …
Source: Daily Trust - 🏆 13. / 51 Read more »

Oil:Price Climb As U.S. Threatens Sanctions Against VenezuelaOil 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. Brent crude oil futures were at […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »