Oil prices edged up after sliding in the previous two sessions, with supply worries resurfacing after US President Donald Trump announced a reversal of a license given to US’s leading oil company to operate in Venezuela. Brent Crude was trading over one percent up at around 73 dollars and 27 cents per barrel. WTI Crude was trading nearly one percent up at around 69 dollars and 30 cents per barrel when reports last came in. Meanwhile, US commercial crude oil inventories decreased by 2.3 million barrels to 430.2 million barrels in the week ending 21st February, according to data released by the Energy Information Administration.
Site Admin | February 27, 2025 7:40 PM
Oil prices rises after reversal of license of US’s leading oil company to operate in Venezuela
