[MARKET UPDATE] Modest crude pressure seen during a CNBC report re. oil sales from Venezuela, source stated that sales will continue indefinitely
The report indicating that Venezuela's oil sales will continue indefinitely suggests that supply may not be constrained in the near term, which could exert downward pressure on crude prices.
US Energy Secretary Wright says the US government wants to sell Venezuelan oil and deposit the money into US-controlled accounts, remarks at the Goldman Sachs conference; US government wants to get Venezuelan oil flowing again
White House official confirms Trump will meet oil Co. execs on Friday
[MARKET UPDATE] Modest crude pressure seen during a CNBC report re. oil sales from Venezuela, source stated that sales will continue indefinitely
Oil sales from Venezuela will continue indefinitely and sanctions will be reduced as part of an agreement between the US administration and Venezuela, CNBC reports citing a White House source; 50mln barrels to be sold to the US in the first tranche.
T-Mobile (TMUS) plans the public offering of senior notes
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This development could heighten concerns among traders regarding the stability of oil prices and impact inflation expectations. Watch for potential volatility in related markets, particularly if geopolitical or regulatory shifts emerge regarding Venezuelan oil exports.
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