Oil prices rally as U.S. sanctions on Venezuela ease supply worries

29 January 2019, News Wires — Oil prices rallied above 2 percent on Tuesday after the United States put sanctions on state-owned Venezuelan oil company PDVSA, a move likely to curtail the OPEC member’s crude exports and chip away at global oversupply worries. International Brent crude oil futures were up $1.42 to $61.35 a barrel, or … More »