Oil prices rose after the United States seized an oil tanker off the coast of Venezuela.
Brent crude futures rose 27 cents, or 0.4%, to settle at $62.21 a barrel, while U.S. West Texas Intermediate crude futures gained 21 cents, or 0.4%, to close at $58.46 per barrel, according to Reuters.
LiveNOW’s Austin Westfall spoke with Reuters’ energy reporter Shariq Khan about the price increase and concerns about supply.
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