Oil Prices Edge Higher as Traders Focus on Venezuela and U.S. Sanctions Fallout
Oil prices climbed on Thursday after two days of declines as market participants shifted their attention to developments involving Venezuela and proposed U.S. sanctions legislation, offering support to crude benchmarks despite ongoing concerns about global oversupply. By mid-morning trading in London, Brent crude futures were up about 1 per cent at roughly US$60.55 per barrel,…


