#Donaldtrumpysusvainas Oil prices experienced a significant rise this Thursday, exceeding 2%. The increase comes after Donald Trump's actions aimed at harming Venezuela.
Oil prices rose more than two points on Thursday. At the close of European markets, Brent crude futures were up $1.53, reaching $74.06 per barrel, while West Texas Intermediate (WTI) futures increased by $1.64, settling at $70.26. This rebound comes after contracts hit their lowest levels since December 10, reflecting market volatility due to news related to Venezuela and tensions in Eastern Europe.
The revocation of Chevron's license means the company will no longer be able to export Venezuelan crude to the United States. To date, the American oil company exports about 240,000 barrels per day (bpd) from Venezuela, which represents more than a quarter of the Caribbean country's oil production.
