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Oil gives back Wednesday gains as U.S. relaxes Venezuela sanctions

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William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C.

Crude futures fell Thursday, giving back much of the previous session’s strong gains, after the U.S. agreed to ease sanctions on Venezuela’s oil and gas sectors, though jitters remain over a potential spread of the Israel-Hamas war.

The easing of sanctions is seen “providing some relief to the supply-side pressures that have supported the recent price rises,” said Ricardo Evangelista, senior analyst at ActivTrades, in a note.

 

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Stocks end sharply lower as Treasury yields extend climbWilliam Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C.
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