Commodities Oil prices rise more than 1 percent on Venezuela sanctions Updated : January 30, 2019 08:40 PM IST International Brent crude oil futures were at $61.96 per barrel, up 64 cents or a little over 1 percent. Washington announced export sanctions against Petroleos de Venezuela SA (PDVSA) on Monday, limiting transactions between U.S. companies and the state-owned oil firm. 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.