US is handing over a seized oil tanker to Venezuela, according to US officials
The U.S.
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US Treasury Secretary Bessent says increased Venezuelan crude oil supply means lower fuel prices and proceeds from the sale of Venezuelan oil will return to Venezuelans
US is handing over a seized oil tanker to Venezuela, according to US officials
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decision to hand over a seized oil tanker to Venezuela is a notable shift in diplomatic relations and may signal a thaw in historically strained ties. This could lead to increased oil exports from Venezuela, impacting global supply dynamics and putting downward pressure on prices, particularly WTI. Traders should monitor potential market reactions in energy commodities and associated currencies.
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