The Trump administration announced on Tuesday that Chevron has been given 30 days to stop oil production in Venezuela, since Socialist President Nicolas Maduro has not made anymore progress on electoral reforms and migrant returns.
Read More Chevron Given 30 Days To Halt Venezuelan Oil Production, As Trump Responds To Maduro’s Inaction On Migrant Returns And Reforms
Oil prices fell by 2.5% as a bigger-than-expected rise in U.S. gasoline inventories worried markets about demand.
Read More Oil drops on demand worries after US gasoline inventories swell
Oil prices tanked as OPEC+ producers unexpectedly delayed a meeting on output, raising questions about the future course of crude production cuts.
Read More Oil tumbles 4% as OPEC+ meeting delayed