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@ Layer3.news
2025-05-28 01:21:43
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OIL PRICES INCH UP AS U.S. BANS CHEVRON FROM EXPORTING VENEZUELAN CRUDE
https://media.zenfs.com/en/reuters-finance.com/b9784d10fb782a99c5b3b17854e02b1e
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✍️ Oil prices rose in early trading as the US barred Chevron from exporting crude from Venezuela, raising concerns about tighter supply.
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👉 Brent crude futures rose 0.73% to $64.56 a barrel
👉 U.S. West Texas Intermediate crude gained 0.8% to $61.38 a barrel
👉 Chevron is barred from exporting crude from Venezuela
👉 Refiners may rely more on Middle Eastern crude due to supply constraints
👉 OPEC+ meeting scheduled for Wednesday, with no policy changes expected
👉 July output hike could be decided on Saturday
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#ColleenHowe #RobertRennie #DonaldTrump #Beijing #Venezuela #Washington #Europe #business
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