Jan
28
Oil Holds Losses Near $52 as Venezuela Sanctions Shrugged Off
By-
White House places new sactions on state oil firm PDVSA
- WTI edges lower after falling the most in a month Monday
Oil held its biggest loss in a month as renewed concern over slowing global growth largely outweighed U.S. sanctions against Venezuela’s state oil company.
Futures rose 0.4 percent in New York, after dropping 3.2 percent in the previous session. The Trump administration issued new sanctions on Venezuela’s PDVSA that effectively block the regime of President Nicolas Maduro from exporting crude to the U.S. On Monday, Microchip-maker Nvidia Corp. and heavy-equipment giant Caterpillar Inc. warned of slowing growth in China and elsewhere…
Oil Holds Losses Near $52 as Venezuela Sanctions Shrugged Off
