LIVE COMMODITY OIL NEWS UPDATE @@ BY TRDELINE India's No.1mcx Tips Provider Missed Call @:/8057046270/8923452051
UPDATE 4-Oil prices climb as U.S. threatens sanctions against Venezuela * Amid turmoil, Washington threatens Venezuela with oil sanctions * Global oil markets well supplied as U.S. output surges * Barclays bank cuts 2019 oil price forecast * US oil output, storage levels :{WWW.TRADELINECOMMODITY.COM} SYDNEY/SINGAPORE, Jan 25 - Oil prices rose on Friday as turmoil in Venezuela triggered concerns that its crude exports could soon be disrupted. Washington on Thursday signalled it could impose sanctions on Venezuela's oil exports as Caracas descends further into political and economic turmoil. crude oil futures were at $61.62 a barrel at 0755 GMT, 53 cents, or 0.9 percent, above their last close. At one point earlier on Friday, the international benchmark crude rose as high as $61.92 a barrel.Brent, however, has shed about 1.8 percent this week and was on track to post its first week of losses in four weeks.U.S. West Texas Intermediate (WTI) crude futures were at $53.70 per