Crude oil tracks higher @WWW.MCXRESEARCHGURU.COM 8859222859

  • The Trump administration is reported to be considering slapping sanctions on Venezuela that will include a ban on importing crude oil from the nation. The move is seen as benefiting Canadian oil producers. The U.S. imported 673K barrels of oil per day from Venezuela last month.
  • Traders are also factoring in indications from yesterday’s OPEC meeting of oil production cuts from Saudi Arabia and Nigeria.
  • WTI crude oil futures +0.43% to $46.54/bbl at last check. Brent crude +0.43% to $48.81/bbl.

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