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)
