Oil

OPEC said on Tues day that it had cut its output by almost 800,000 bpd in January to 30.81 million bpd.

Chevron is one of multiple U.S. oil firms who have received permission to continue operations in Venezuela until July 27.

OPEC cut its forecast for 2019 world oil demand on Tuesday, citing slowing economies and expectations of faster supply growth from rivals.

OPEC, Russia and other non-OPEC producers, an alliance known as OPEC+, agreed in December to reduce supply by 1.2 million bpd from Jan. 1.

The decision announced late Monday night helped nudge up the Russian ruble.

OPEC and its allies meet on April 17 and 18 in Vienna to review the agreement.

Venezuela lost out on one of the biggest oil price rallies in history.

Economic predictor "Dr. Copper" seems to have become more of a specialist on the Chinese economy.

U.S. crude futures were down 75 cents, or 1.39 percent, at $53.26.

Trump’s decision to withdraw troops from Syria won’t be an opportunity for ISIS and Russia, Pompeo told FOX Business.

U.S. crude inventories rose by 2.5 million barrels last week.

The supply optimism helped U.S. West Texas Intermediate (WTI) and Brent crude reach 2019 highs on Monday.

Royal Dutch Shell, Exxon Mobil and Chevron all reported stronger-than-forecast earnings last week.

The U.S. sanctions on Venezuela will limit oil transactions between Venezuela and other countries and are similar to those imposed on Iran last year.

China's trade delegation said the latest round of talks with the United States made "important progress."