U.S. plans to ease sanctions on Venezuela, allow oil in exchange for debt

[ZZZoe]

Crude oil prices closed lower on Monday, as news reports that the United States sought Venezuela's help in boosting crude supplies to fill a void created by the Russia-Ukraine war and China's lockdown measures amid a surge in coronavirus cases could dampen energy demand.

Recommended to go short near $109.1-109.3

Recommended to go long near $98.1-98.3