Sanctions On Venezuela Could Push Oil Into The Mid-$50s

In response to Venezuela’s controversial vote on Sunday, a
move which could dramatically increase the power of President
Nicolas Maduro and grant his government the ability to re-write the
constitution, the United States is seriously considering placing
sanctions on the Venezuelan oil industry, according to officials
within the Trump Administration. The Venezuelan president won the
vote, with 8 million voting in the special election according to
government sources, though third-parties estimate that fewer than 4
million Venezuelans participated.…

In response to Venezuela’s controversial vote on Sunday, a
move which could dramatically increase the power of President
Nicolas Maduro and grant his government the ability to re-write the
constitution, the United States is seriously considering placing
sanctions on the Venezuelan oil industry, according to officials
within the Trump Administration. The Venezuelan president won the
vote, with 8 million voting in the special election according to
government sources, though third-parties estimate that fewer than 4
million Venezuelans participated.…