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Energy Shares Up as Trump Gets Tough on Venezuela -- Energy Roundup
Wall Street Today: Market Decides Down is the Direction
USA Crude Oil closed up 2.5% on Thursday as the market focused on the outlook for oil supply.
Crude Oil in the USA rose more than 2% on Thursday after President Trump revoked the license granted to the American oil giant Chevron for its Operation in Venezuela, raising concerns over crude oil supply once again. Trump also stated on Thursday that tariffs on Mexico and Canada would take effect on March 4, including a 10% tariff on Energy imports from Canada. Investors are also watching for signs of a possible peace agreement in Ukraine, which could lead Russia to increase its supply to the international crude oil market. Brent crude oil futures for April delivery on the Intercontinental Exchange in Europe rose by $1.51, an increase of 2.0%.
Dow's 139-Point Rally Highlighted By Gains In 3M, Travelers Shares
Express News | Oil Is Trading Higher After President Donald Trump Revoked a License That Allowed U.S. Oil Giant Chevron to Operate in Venezuela. As a Result, Chevron Will No Longer Be Able to Export Venezuelan Crude, Which May Lead to a Decline in Production and...
Express News | Russia, UAE Would Like to Proceed With April Oil Output Hike; Other Members Including Saudi Arabia Favour a Delay, Sources Say
