Oil prices rise as Trump revokes Chevron’s Venezuela license, tightening crude supply
- Posted on February 27, 2025
- By Bing News
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Oil prices rise as Trump revokes Chevron’s Venezuela license, tightening crude supply
Oil prices rebounded from two-month lows on Thursday after US President Donald Trump revoked a key license allowing Chevron to operate in Venezuela, a move that could tighten global crude supply. The decision marks a significant shift in US policy and is expected to impact Venezuela’s oil exports, which account for a major share of its economy. Bre...