Oil prices rose more than 1% on Wednesday after US President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, raising new geopolitical tensions at a time of demand concerns.Brent crude futures rose 87 cents, or 1.5%, to $59.79 a barrel at 0730 GMT, while U.S. West […]
Oil prices closed more than 2 percent higher on Friday as the Russian port of Novorossiisk halted oil exports after a Ukrainian drone attack hit an oil depot in the Russian energy hub, raising supply concerns.Brent crude futures rose $1.38, or 2.19 percent, to $64.39 a barrel, while U.S. West Texas Intermediate crude rose $1.40, […]