Venezuela oil minister warns of local fuel cuts in protests


  • World
  • Saturday, 22 Feb 2014

(Reuters) - Venezuela's oil minister said on Friday he may cut off deliveries of fuel to areas hit by anti-government protests, and the threat of local supply disruptions could further drive up crude prices even though exports are running normally.

Domestic conflicts in Libya and South Sudan, as well as escalating unrest in Venezuela, supported Brent prices this week, but by Friday traders sold positions before the weekend, leaving the price for Brent around $109.69 a barrel.

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