1003 ET - Crude's gains on the U.S. decision to revoke a license under which Chevron produces oil in Venezuela prove fleeting, with futures back in the red as the market awaits more clarity on U.S. import tariffs and whether or not OPEC+ will again extend the timeline for returning barrels to the market. "Oil prices are fluctuating within a trading range, but a delay will give prices an upside breakout," Phil Flynn of the Price Futures Group says in a note. WTI is off 1.5% and trading back below $70 a barrel, and Brent is down 1.4% at $73.02 with the April contract expiring at the close. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 28, 2025 10:03 ET (15:03 GMT)
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