US President Donald Trump has threatened Venezuela with a naval blockade to thwart its oil exports — a move that would hit the Maduro government hard but may leave global oil markets unfazed.
Chevron is driving Venezuela's oil rebound while China is pulling back. As the fate of President Nicolas Maduro grows uncertain, Washington's renewed leverage is reshaping the country's economic and geopolitical future.
UK Inflation Falls to 3.2% Unexpectedly; Strong Bullish Advance in Precious Metals; WTI Crude Oil Bounces from 4-Year Low as Trump Announces Venezuela Blockade; Mixed US Data Doesn't Change Fed Outlook;
WTI Crude Oil has gone into this weekend around the 57.145 price which is challenging lower prices seen in October of this year, the commodity provided bearish speculators with incremental movement downwards this past week.
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