Oil Moves Higher as Traders Assess Iran Risks, Venezuela Outlook

Oil moved higher as traders digested a mix of geopolitical risks that could add a premium to prices while continuing to assess US measures to exert control over Venezuela’s oil. West Texas Intermediate rose 3.2% to settle below $58 a barrel. Prices continued to climb after settlement, rising more than 1% and leaving the market poised to wipe out losses from earlier in the week. Most Read from Bloomberg President Donald Trump threatened to hit Iran “hard” if the country’s government killed protesters a ...