Oil was steady in the early Asian trade. Imposition of U.S. tariffs on goods from any country that buys oil or gas from Venezuela. may redefine trade alliances in the energy sector, XS said.

The United States will impose a 25% tariff on imports from any country that purchases oil products from Venezuela, President ...

Oil futures extended gains to a fourth session, lifted by the U.S. threat to impose import tariffs on countries that buy oil from Venezuela.