Crude oil gained as geopolitical uncertainty rose after weekend elections in Venezuela viewed as illegitimate raised the prospect of US sanctions on the country’s exports.
Production in Venezuela plunged to 1.5 million barrels last month, its lowest level in decades due to its ongoing economic crisis.
The U.S. oil rig count, an early indicator of future output, was at 844, according to energy services firm Baker Hughes.
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Production in Venezuela plunged to 1.5 million barrels last month, its lowest level in decades due to its ongoing economic crisis.
The U.S. oil rig count, an early indicator of future output, was at 844, according to energy services firm Baker Hughes.
Subscribe now for best MCX Tips and NCDEX Tips
For quick free trial click here > 911 133 9000
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