Oil prices rose in early Asian trading at a time when tension between the US and Venezuela intensified, which could disrupt supply. West Texas Intermediate crude oil futures rose 0.5% to $56.79 per barrel in recent months; Brent crude oil futures rose 0.5% to $60.77 per barrel in recent months. According to US Secretary of Homeland Security Christy Nome, the US boarded an oil tanker that once docked in Venezuela and flew the Panamanian flag on Saturday. This marks the second such action taken by the US in recent weeks. Norm said, “The United States will continue to pursue illegal shipments of sanctioned oil used to fund drug terrorism in the region. ”

Oil prices rose in early Asian trading at a time when tension between the US and Venezuela intensified, which could disrupt supply. West Texas Intermediate crude oil futures rose 0.5% to $56.79 per barrel in recent months; Brent crude oil futures rose 0.5% to $60.77 per barrel in recent months. According to US Secretary of Homeland Security Christy Nome, the US boarded an oil tanker that once docked in Venezuela and flew the Panamanian flag on Saturday. This marks the second such action taken by the US in recent weeks. Norm said, “The United States will continue to pursue illegal shipments of sanctioned oil used to fund drug terrorism in the region. ”