Oil prices slide today on Trump’s Venezuela crude deal as inventories loom
Oil prices fell after President Donald Trump announced a deal for the U.S. to import up to $2 billion in Venezuelan crude. Brent dropped 0.6% to $60.35 a barrel, WTI fell 0.9% to $56.61. Traders cited concerns about a global surplus and uncertainty over how quickly Venezuelan barrels could shift from China to the U.S. Focus turns to U.S. inventory data and White House talks with oil executives later this week.