Following the capture of the President of Venezuela Nicolás Maduro, reports indicate that the U.S. has sold its first shipment of Venezuelan crude, fetching $500 million. At the same time, oil—the world’s second-largest asset by market capitalization—has climbed nearly 14% since the start of the year amid geopolitical strain and escalating trade wars. Citgo Acquires […]
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Citgo’s Venezuelan Crude Purchase Signals a Turn in US Policy
