{"id":606,"date":"2018-05-22T08:55:55","date_gmt":"2018-05-22T08:55:55","guid":{"rendered":"https:\/\/skyeconomynews.com\/?p=606"},"modified":"2018-06-16T08:57:39","modified_gmt":"2018-06-16T08:57:39","slug":"oil-prices-change-after-signs-of-sanctions-on-venezuela","status":"publish","type":"post","link":"https:\/\/skyeconomynews.com\/oil-prices-change-after-signs-of-sanctions-on-venezuela\/","title":{"rendered":"Oil prices change after signs of sanctions on Venezuela"},"content":{"rendered":"<p class=\"Body\">Oil prices rose on Tuesday amid fears that crude production in Venezuela could continue to fall, following a disputed presidential election and possible sanctions on the OPEC member. <span style=\"background: #FF8CC5;\">Global Brent crude<\/span> was priced at $79.37, up 15 cents from the last closing. Last week, Brent crude climbed above $80 a barrel for the first time since 2014. <span style=\"background: #FF8CC5;\">US benchmark WTI futures<\/span> rose 25 cents from the last trading session, to reach $72.49 a barrel.<\/p>\n<p class=\"Body\">Oil markets experts believe that <span style=\"background: #FF8CC5;\">positive market abuse <\/span>with the US and China declaring the absence of a trade war between them, as well as political problems in Venezuela, pushed oil prices higher. Venezuelan President Nicolas Maduro faced a new international condemnation on Monday after being elected for a new term, in a vote that his opponents denounced as a farce that would strengthen the country&#8217;s dictatorship. The United States is therefore considering imposing oil sanctions on Venezuela.<\/p>\n<p class=\"Body\">Oil markets continued to climb after a US administration official said President Donald Trump signed an executive order yesterday restricting Venezuela&#8217;s ability to liquidate state-owned assets. Any sanctions restricting finance, logistics or electricity supplies would further curb Venezuela&#8217;s crude output, which fell more than a third in two years, reaching its lowest level in decades. On the other hand, the United States and China, the world&#8217;s two largest economies, stepped away from the possibility of entering into a global trade war on Monday, and agreed to hold further talks on boosting US exports to China.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Oil prices rose on Tuesday amid fears that crude production in Venezuela could continue to fall, following a disputed presidential election and possible sanctions on the OPEC member. Global Brent crude was priced at $79.37, <a class=\"mh-excerpt-more\" href=\"https:\/\/skyeconomynews.com\/oil-prices-change-after-signs-of-sanctions-on-venezuela\/\" title=\"Oil prices change after signs of sanctions on Venezuela\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[40,4],"tags":[71,42,41,44,43,45,39],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/606"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=606"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/606\/revisions"}],"predecessor-version":[{"id":608,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/606\/revisions\/608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/607"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}