Brent rises to $67 on cuts to Saudi, Venezuelan exports GlobeBusiness
Oil rose to around $67 a barrel on Tuesday, supported by Saudi Arabia’s plan for further voluntary supply curbs in April and by a cut in oil exports from Venezuela due to a power outage.
“Additional buoyancy has come from news that the massive power outage in Venezuela is also hampering the country’s oil exports.” “We see a tightening underlying physical crude balance as a key pillar of support for outright prices at this point in the year,” said analysts at JBC Energy in a report.
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