Oil Holds Four-Day Gain With Focus on US Blockade of Venezuela [Yahoo! Finance]
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Source: Yahoo! Finance
Brent was near $62 a barrel after rising about 5% over the previous four sessions, while West Texas Intermediate was close to $58. The US has taken control of two tankers and is in pursuit of a third, as Washington intensifies pressure on the government of Nicolas Maduro. Still, more than a dozen vessels have loaded oil off the coast of the South American nation since efforts to curb Caracas' crude revenue were ramped up. Most Read from Bloomberg New York's Congestion Pricing Is Working. Five Charts Show How With Mamdani, the Humble Bus Gets Its Due ICE Plans Detention Expansion With Deal to Design 'Mega Centers' As Zipcar Leaves London, Car-Share Boosters Are Looking for a New Ride NYC's Adams Challenges Mamdani Rent Freeze With Board Picks Trump said the US will keep the oil from the ships it has seized. Venezuelan exports represent less than 1% of global supply, but the revenue provides a financial lifeline for Maduro's government. The geopolitical stresses, includ
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