Oil Futures Settle Higher on Geopolitical Tensions

Crude futures picked up from early losses and added to yesterday's gains as the U.S. steps up actions in the Caribbean to cut off Venezuela's oil trade and increase pressure on the country's strongman Nicolás Maduro. Tensions between the U.S. and Venezuela remain high, while Russia-Ukraine peace talks are going slowly, he adds. WTI settled up 0.6% at $58.38 a barrel, and Brent gained 0.5% to $62.38. "Geopolitical tensions remain the near-term driver for crude prices as traders await signs that global suppli ...