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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.
Oil prices rise more than 1 percent on Venezuela sanctions
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