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Crude prices extend gains

Drop in US inventories and heavier output cuts combine with Venezuela chaos to fuel rally

Chaos: the worst blackout on record left most of Venezuela without power for six days, stranding exports from the country’s main oil terminal
Chaos: the worst blackout on record left most of Venezuela without power for six days, stranding exports from the country’s main oil terminalPhoto: REUTERS/SCANPIX
  • Nassir Shirkhani
London
Oil priceOpecUSAVenezuelaIran
Published 13 March 2019, 19:43Updated 13 March 2019, 19:43