Oil prices climbed on Wednesday after U.S. President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela.
The move raised fresh geopolitical tensions at a time of concerns over demand.
U.S. crude futures advanced 1.6% to $56.16 per barrel, while Brent crude futures rose 1.54% to $59.84 a barrel, cutting into steep losses from…
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