💨 Abstract

Oil prices increased on Wednesday due to potential supply disruptions from Venezuela, as the U.S. President Trump threatened tariffs against countries importing Venezuelan oil and announced Chevron's exit from the country. Additionally, U.S. crude inventories fell significantly, adding to the price rise. However, the increase was limited by agreements between the U.S., Ukraine, and Russia to pause attacks on energy targets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖