Oil prices steadied Thursday after a sharp slide, as investors weighed US moves to control Venezuela’s oil sales and mixed labour market data. Washington seized two Venezuela‑linked tankers, one Russian‑flagged, underscoring President Trump’s push to dictate oil flows in the Americas.
Oil Prices Recovering
US crude rose 0.7% to $56.38, while Brent gained 0.68% to $60.37. Analysts said sanctions could support prices in the short term. Asian stocks were mixed, with Japan’s Nikkei down 0.74% amid tensions over China’s export ban. Investors await Friday’s US jobs report, with Goldman Sachs forecasting 70,000 payroll gains and unemployment edging to 4.5%. Gold slipped slightly.
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