💨 Abstract

Oil prices stabilized on Wednesday after initial fluctuations due to a U.S.-Venezuela deal allowing up to $2 billion worth of Venezuelan crude to be imported to the U.S. Brent crude and U.S. West Texas Intermediate crude saw minor changes. The deal involves rerouting cargoes initially bound for China. Venezuela has millions of barrels of oil stranded due to a U.S. blockade. The U.S.

Courtesy: theprint.in