Crude Falls as US Deepens Involvement in Venezuelan Oil Industry

Oil declined on the prospect of increased Venezuelan crude sales after US forces seized two more sanctioned tankers and said it’s already marketing some of the country’s supply. West Texas Intermediate fell 2% to settle just below $56 on Wednesday on expectations that an uptick in sales of Venezuelan barrels will put downward pressure on prices in an already oversupplied market. Most Read from Bloomberg US President Donald Trump said late Tuesday that Venezuela’s interim government agreed to give as ma ...