Oil gains after Trump cancels Chevron's Venezuela license
- Posted on February 27, 2025
- By Business News Today
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Oil gains after Trump cancels Chevron's Venezuela license
Oil prices rebounded slightly after President Donald Trump reversed Chevron's license to operate in Venezuela, affecting a quarter of the country's oil exports. Market reactions were also influenced by potential U.S. Strategic Petroleum Reserve purchases amid ongoing Russian-Ukraine peace talks.
