Oil Prices Gain On Venezuela Tariffs ...Middle East

OILPRICE - Economy
Oil Prices Gain On Venezuela Tariffs
source : OILPRICE ( Middle East ) () 62
Oil prices rallied in Wednesday’s session, a day after U.S. President Donald Trump announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States. Trump claims that Venezuela has sent "tens of thousands" of people to the U.S. who have a "very violent nature." Brent crude for May delivery gained 1.2% to trade at $73.89 per barrel at 11.30 am ET while the comparable WTI crude contract climbed 1.2% to $69.84. The secondary tariffs will target China, India, Spain, Italy and Cuba–all…

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