Venezuela roils ANS

Glut worries overpower large surprise draw on U.S. crude inventories

Steve Sutherlin

for Petroleum News

Alaska North Slope crude plunged $1.03 Jan. 6 to close at $61.57 per barrel as traders pondered the U. S. invasion of Venezuela in terms of its potential to add to world supplies under U.S. management -- offsetting the geopolitical risk narrative that had previously lent support to prices. West Texa....

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Surprise U.S. inventory fall fails to lift price