Oil prices rise; US sanctions on Venezuela seen reducing supply
Updated : January 30, 2019 06:10 AM IST
International Brent crude oil futures were up $1.42 to $61.35 a barrel, or 2.4 percent, by 11:38 a.m. EST (1638 GMT).
Venezuela is among the world's largest heavy crude oil producers, and the United States has been its biggest client, taking about half the country's export volumes, followed by India and China.
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