The US has seized a Russian-flagged oil tanker with links to Venezuela.
Oil sales from Venezuela to continue indefinitely, sanctions will be reduced, sources say
U.S. forces moved to seize an oil tanker that had fled the U.S. blockade of sanctioned vessels near Venezuela.
Stock futures little changed after Dow closes above 49000 for the first time
President Donald Trump late Tuesday said Venezuela will send the U.S. 30 million to 50 million barrels of oil, which will then be sold by the U.S. and the proceeds controlled by him.
The figure would represent a significant amount of all the oil the country produces annually.
Oil futures slid in the early Asian session after President Trump says on Truth Social that Venezuelan oil is to be shipped to the U.S.
Trump says Venezuela to give up to 50 million barrels of oil to U.S.
Any bounce in oil looks like a selling possibility to me at the point in time.
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The country lowered the price of its crude for Asian buyers for the third consecutive month, signaling caution as concerns over excess supply continue to weigh on global markets.
FOX Business contributor Phil Flynn analyzes President Donald Trump's plan to rebuild Venezuela's oil industry after Maduro's capture on 'The Bottom Line.' #fox #media #us #usa #new #news #foxbusiness #venezuela #oil #energy #economy #world #global #politics #political #politicalnews #government #foreignpolicy #international #security #trump #donaldtrump #maduro #nicolasmaduro #industry