00:00Oil prices fell on Wednesday as U.S. President Donald Trump's plan to refine and sell Venezuelan crude oil
00:06raised concerns about the long-term impact of U.S. actions.
00:10The United States said on Wednesday it has seized a Russian flag, Venezuela-linked tanker,
00:15as Trump pushes to dictate oil flows in the Americas and force Caracas Socialist government to become its ally.
00:21Market reaction to Trump's Venezuela moves have so far played out mostly in commodities.
00:26China, which imported 389,000 barrels per day of Venezuelan oil in 2025,
00:32on Wednesday denounced Trump as a bully in response to his claim that he had convinced Caracas to divert crude supplies away from Beijing.
00:41U.S. crude fell $1.14 to settle at $55.99 a barrel and Brent fell 74 cents to settle at $59.96.
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