Oil Gains With Attack on Key Black Sea Terminal, Venezuela Risk

Oil rose as a key pipeline linking Kazakh fields to Russia’s Black Sea coast halted loading after one of its three moorings was damaged amid Ukrainian attacks in the region over the weekend, while traders assessed potential US military operations in Venezuela alongside expectations for oversupply. West Texas Intermediate traded above $59 on Monday and earlier rose as much as 2.4%. The Caspian Pipeline Consortium carries most of Kazakhstan’s crude exports, which have averaged 1.6 million barrels a day so f ...