Tuesday 30 April 2019

Oil tops $73 per barrel then pares gains as Venezuela's Maduro claims support - Reuters

Oil tops $73 per barrel then pares gains as Venezuela's Maduro claims support - Reuters:

Oil prices rose on Tuesday above $73 a barrel but then eased off the session high after Venezuela’s president Nicolas Maduro said military leaders remained loyal to his government despite an attempted coup that could further threaten the OPEC producer’s oil exports.

Prices rose after opposition leader Juan Guaido called for military backing to end Maduro’s rule, but pared gains when Maduro countered with a statement military leaders he had spoken to showed him “their total loyalty.”

Reuters witnesses said several armed men in military uniforms accompanying Guaido clashed with soldiers supporting Maduro at a protest outside a Caracas air base. But witnesses said the incident fizzled out.

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