Oil Prices Rise After Reimposition of US Sanctions on Venezuela

  • International
  • 18 April 2024
1

Oil prices rose in early trading on Thursday, slightly trimming losses in the previous session after the United States announced that it would reimpose oil sanctions on Venezuela at a time when the European Union pointed to new sanctions on Iran.

Brent crude futures rose 10 cents, or0.11 percent, to $87.39 a barrel, while U.S. crude futures gained two cents to $82.71 a barrel. Both benchmark crude tumbled about 3 percent during the previous session amid demand concerns.

Source (Al-Arabiya.net Website, Edited)

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