Oil pares gains as fears ease on Venezuelan exports - Reuters

Oil pares gains as fears ease on Venezuelan exports - Reuters:

Oil prices pared their gains on Tuesday, after global benchmark Brent crude rose above $73 a barrel, as the market grew less worried that a rebellion against Venezuelan President Nicolas Maduro would hit the country’s crude exports.

Brent crude futures hit a session high of $73.27 per barrel and settled 76 cents, or 1.1 percent, higher at $72.80. Last week, Brent hit a six-month high above $75.

U.S. crude futures closed at $63.91, up 41 cents, or 0.7 percent, on the day, after hitting a session high at $64.75.

Prices rose after Venezuelan opposition leader Juan Guaido called for military backing to end Maduro’s rule, but pared gains after the government said state-run oil company PDVSA’s operations were not disrupted and top military leaders remained loyal.