đź’¨ Abstract

Oil prices rose on Wednesday due to concerns about tighter global supply following US tariff threats on nations buying Venezuelan crude and a larger-than-expected drop in US crude inventories. Brent crude and West Texas Intermediate futures rose by 0.97% and 0.99% respectively. The trade in Venezuelan oil to China, a major buyer, stalled after US President Donald Trump's tariff order.

Courtesy: theprint.in

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