Oil prices hover at 3 1/2-year highs on expectations for tighter global supply

5/22/2018

With Venezuelan President Nicolás Maduro’s reelection victory on Sunday, concerns of possible sanctions on Venezuela’s oil industry (along with those reimposed on Iran) intensify worries about global oil supply shortages. WTI crude is $72.42; Brent is $79.59 this morning.

Source: MarketWatch.com - By: Barbara Kollmeyer - Image: Getty Images

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