NPR

Oil Prices Edge Upward After U.S. Imposes Sanctions On Venezuela

The sanctions are meant to put pressure on Venezuelan President Nicolas Maduro, who allegedly diverts billions in oil profits to pay off military officers and help prop up his government.

Oil prices are up more than 2 percent after the U.S. imposed sanctions on Venezuela's state-run oil company known as PDVSA.

As of Tuesday night, International Brent crude oil futures had risen 2.32 percent to $61.32 a barrel, and U.S. West Texas Intermediate

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