Oil prices fell in early trading on Tuesday after rising more than 2% in the previous session. This was due to a statement from the United States that it might sell Venezuelan oil it is holding, as well as increased Ukrainian attacks on Russian ships and ports, which raised concerns about supply disruptions.
Oil Prices Drop on US Statement and Ukrainian Attacks
Oil prices fell in early trading on Tuesday after rising more than 2% in the previous session. This was due to a statement from the United States that it might sell Venezuelan oil it is holding, as well as increased Ukrainian attacks on Russian ships and ports, which raised concerns about supply disruptions.