- Reuters reports the Trump administration is considering harder-hitting sanctions against Venezuela's oil sector than in the past ahead of the country's April presidential election, according to a source close to the internal discussions on the matter.
- President Nicolas Maduro's two main challengers have been banned from running in the election, leading Venezuela's opposition coalition to boycott the election.
- The U.S. official says the U.S. may sanction Camimpeg, a Venezuelan military-run oil services firm founded in 2016, and the official "would not rule out" an eventual total ban on Venezuelan oil shipments to the U.S.
- U.S. Senator Marco Rubio, who has been pushing for a tougher stance on Venezuela, said, "There’s a host of additional sanctions that could be imposed. The president has all those before him."
- ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, USL, DNO, OLO, SZO, OLEM, WTIU, OILK, OILX, WTID, USOI, USOU, USOD, UBRT, DBRT, OILD, OILU, USAI
- Now read: Hartstreet: Oil Prices Headed Higher Into Driving Season
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