Commodities Oil edges higher on Venezuela turmoil, but weighed by US crude stock build Updated : January 24, 2019 11:08 PM IST Brent crude futures rose 14 cents to $61.28 a barrel by 12:12 p.m. EST (1712 GMT). US West Texas Intermediate (WTI) crude futures rose 62 cents to $53.24 a barrel. Washington signaled it could impose sanctions on Venezuela's crude exports as Caracas descends further into political and economic turmoil. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.