×

US crude futures gain on Trump’s Venezuela blockade

By Thomson Reuters Dec 17, 2025 | 5:18 PM

BEIJING, Dec 18 (Reuters) – U.S. crude ‍futures opened a dollar higher in Asian trading ‌on ‌Thursday after President Donald Trump placed a blockade on ​tankers entering and ‍leaving ​Venezuela and ​most exports ‍from the country remained on hold.

The West Texas ‍Intermediate contract was up 98 ‍cents, ‍or 1.75%, ​at $56.92 ​per ⁠barrel as ‌of 1109 GMT.

(Reporting by Colleen Howe; Editing by Chris ⁠Reese)