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Oil climbs after Trump cancels Chevron’s Venezuela licence

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Oil prices rose 2% on Thursday as supply concerns resurfaced after U.S. President Donald Trump revoked a licence granted to U.S. oil major Chevron (CVX.N), to operate in Venezuela. Gains were capped, however, by signs of a potential peace deal in Ukraine, which could result in higher Russian oil flows, and an unexpected rise in ...

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