Oil prices rose around 1 percent on Tuesday after the United States sanctioned Venezuela's state-owned oil company, in an effort to pressure President Nicolas Maduro to cede power to rival Juan Guaidó.
The sanctions against Petroleos de Venezuela, S.A. -- the parent company of the US-based Citgo oil company - would result in more than $11 billion in lost assets over the next year, national security adviser John Bolton said.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.