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Oil jumps over 1% as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela [CNBC]

Chevron Corporation (CVX)  More Company Research Source: CNBC
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
Chinaface | E+ | Getty Images Oil prices rose more than 1% on Wednesday after U.S. President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, raising fresh geopolitical tensions at a time of concerns over demand. Brent crude futures LCOc1 were up 79 cents, or 1.3%, at $59.71 a barrel at 0500 GMT, while U.S. West Texas Intermediate crude CLc1 rose 77 cents, or 1.4%, to $56.04 a barrel. Oil prices settled near five-year lows in the previous session on progress in Russia-Ukraine peace talks, as a deal may see Western sanctions on Moscow eased, freeing up supply even as the market grapples with fragile global demand. Trump on Tuesday ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela, adding that he now regarded the nation's rulers as a foreign terrorist organization. The move could potentially impact 0.4-0.5 million barrels of oil per day, lifting prices by $1-2 per barrel, according [Read more]
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Oil jumps over 1% as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela [CNBC]

Chevron Corporation  (CVX) 
More Company Research Source: CNBC
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
Chinaface | E+ | Getty Images Oil prices rose more than 1% on Wednesday after U.S. President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, raising fresh geopolitical tensions at a time of concerns over demand. Brent crude futures LCOc1 were up 79 cents, or 1.3%, at $59.71 a barrel at 0500 GMT, while U.S. West Texas Intermediate crude CLc1 rose 77 cents, or 1.4%, to $56.04 a barrel. Oil prices settled near five-year lows in the previous session on progress in Russia-Ukraine peace talks, as a deal may see Western sanctions on Moscow eased, freeing up supply even as the market grapples with fragile global demand. Trump on Tuesday ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela, adding that he now regarded the nation's rulers as a foreign terrorist organization. The move could potentially impact 0.4-0.5 million barrels of oil per day, lifting prices by $1-2 per barrel, according [Read more]
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CVX
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Price Change %
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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Low:
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%
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%
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%
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%
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TICKS
AVG SHARES PER TRADE
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