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Oil ends sharply above New York



NEW YORK, January 29 (Reuters) – Oil prices have
finished Tuesday more than 2% on the New York market
Nymex supported by the announcement of US sanctions
against the oil company VNZULIAN PDVSA.

March contract for light crude oil (West Texas
Medium, WTI) earned $ 1.32, or 2.54%,
53.31 dollars per barrel, and the North Sea Brent took
1.39 dollars or 2.32% of 61.32 dollars per barrel.

Washington seeks to pressure president
Nicola Maduro, not prohibiting the company
buy heavy vnzlan oil but has
ordered to pay the proceeds to the blocked account so that
keep PDVSA from supplying oil to
USA.

Venezuelan oil exports fell
just under a million barrels per day in 2018 compared with 1.6
million in 2018, according to data collected by Refinitiv.

The OPEC country is one of the main
heavy oil producers and the US are their first
a customer, with an import of about 500,000 barrels per day, in front of India and
China.

The market also benefited from the announcement of the closure
The main Libyan oil field El-Charara occupied
group of hands.
(Layla Kearney, Wronick Tison for the French service)


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