Oil prices inched up Monday as investors weighed whether political upheaval in OPEC member Venezuela would disrupt shipments after U.S. President Donald Trump seized Venezuelan President Nicolas Maduro, in a well supplied market.
Brent
crude futures rose 17 cents to $60.92 a barrel by 0024 GMT, paring earlier losses, while U.S. West Texas Intermediate
crude was at $57.43 a barrel, up 11 cents.
The United States snatched Maduro from Caracas at the weekend. Trump said Washington would take control of the oil-producing nation and that the U.S. embargo on all Venezuelan oil remained in full effect.
