Oil rises after OPEC+ reiterates pause with focus on Venezuela
Market
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CNBC TV18•01/12/2025
Oil rises after OPEC+ reiterates pause with focus on Venezuela
- •OPEC+ confirms pause in production hikes for Q1.
- •Brent crude trades above $63, WTI near $60.
- •Oil prices rose despite a forecasted surplus.
- •Trump escalates pressure on Venezuela, impacting market.
- •WTI trading volume robust after CME outage.
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