Oil prices rise on OPEC’s reduced supply and U.S. sanctions against Venezuela

Oil prices Goes up on Monday to extend gains from the last week session, pushed by U.S. sanctions on Venezuela and OPEC supply cuts.

The USA sanctions will most likely limit oil transactions between Venezuela and other countries and are similar to those imposed on Iran last year.

International Brent crude oil futures are traded at $63.04 per barrel. Brent rose more than 3 percent in the previous session to its highest close since Nov. 21.

Are you trading Oil Today?

No votes yet.
Please wait...

Leave A Comment?