Crude oil futures rise as US revokes Chevron’s licence to operate in Venezuela
Crude oil futures traded higher on Thursday morning following the US decision to revoke Chevron Corporation’s licence to operate in Venezuela. At 9.54 am on Thursday, May Brent oil futures were at $72.28, up by 0.29 per cent, and April crude oil futures on WTI (West Texas Intermediate) were at $68.74, up by 0.17 per cent.
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