Oil rebounds from lowest levels since 2021 after Trump orders Venezuela oil tanker blockade
CNBC·2025-12-17 21:14
U.S. crude futures rose more than 1% Wednesday as Trump ordered "a total and complete" block of all sanctioned oil tankers entering and leaving Venezuela.Crude oil prices bounced back from near four-year lows Wednesday, after President Donald Trump said the U.S. will block sanctioned tankers from entering and leaving Venezuela.U.S. crude oil rose 56.30 per barrel by 7:52 a.m. ET. Global benchmark Brent was trading at 1.04 or 1.77%. The U.S. benchmark had fallen to the lowest ...