Oil Markets Unaffected by Chaos in Venezuela, U.S. Crude Oil Sanctions

SUGAR LAND, TEXAS-- February 11, 2019--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Crude oil prices rose by a few dollars per barrel in the days after the U.S. imposed sanctions on Venezuela's oil industry January 28. But those modest gains quickly slipped away, a sign of Venezuela's diminished importance as an oil superpower. Within this article: Impact of U.S. sanctions on Venezuelan crude oil.