Oil prices rise on possible US sanction against Venezuela - Xinhua

NEW YORK, July 31 (Xinhua) -- Oil prices rose on Monday following news that the U.S. is considering stepping up sanctions against Venezuela. The U.S. government is considering imposing U.S. sanctions on Venezuela's vital oil sector after Venezuela held ...

Factbox: What the United States supplies to Venezuela's PDVSA: diluents and fuels - Reuters India

HOUSTON (Reuters) - The refining and crude blending operations at Venezuelan state-run energy company PDVSA could be hurt if President Donald Trump's administration applies restrictions on U.S. oil exports to the country. A cutoff of these U.S. sales ...

Oil at two-month high, ends above $50 a barrel - Reuters India

A technician works inside the Oil and Natural Gas Corp (ONGC) group gathering station on the outskirts of Ahmedabad, India, September 30, 2016. Picture taken September 30, 2016.Amit Dave. NEW YORK (Reuters) - Oil prices rose to two-month highs on ...

Crude Oil On Verge Of $50, Up 8% For July - ForexTV.com

Crude oil futures rebounded from early losses Monday, creeping closer to $50 for the first time this summer. Crude oil bulls have come alive in July, prodded by signs that OPEC will do whatever it takes to re-balance oil markets. Last week, the ...