Oil Prices Rebound as Trump Revokes Chevron's Venezuela Operating License

Reported about 16 hours ago

Oil prices have increased slightly from two-month lows following President Trump's announcement to revoke Chevron's license to operate in Venezuela, which is expected to tighten crude supply. Brent crude futures rose to $72.72 per barrel, while U.S. West Texas Intermediate crude rose to $68.78 per barrel. The changes come amid discussions on Russian-Ukrainian peace talks and unexpected movements in U.S. fuel inventories.

Source: YAHOO

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