💨 Abstract
Oil prices rose 1% on Monday due to President Trump's announcement of a 25% tariff on countries buying oil from Venezuela, but gains were capped as the U.S. gave Chevron until May 27 to wind down its operations in Venezuela. OPEC+ is expected to increase oil output in May, countering the Venezuelan supply loss.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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