Oil nudges higher on Venezuela and Iran sanctions, OPEC cuts
Updated : March 07, 2019 12:44 PM IST
US West Texas Intermediate (WTI) crude oil futures were at $56.31 per barrel at 0637 GMT, up 9 cents, or 0.2 percent, from their last settlement.
Brent crude futures were at $66.22 per barrel, up 23 cents, or 0.4 percent.
Venezuela's state-run oil firm PDVSA this week declared a maritime emergency, citing trouble accessing tankers and personnel to export its oil amid the sanctions.
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