Trump Administration considering adding Venezuela to US list of state sponsors of terrorism

Latest headlines are crossing the wires, via Livesquawk, reporting that Trump Administration is considering adding Venezuela to the US list of state sponsors of terrorism.

However, no final decision is made on it yet.

Both crude benchmarks are little changed on the above headlines, with WTI holding above the 57 mark.

Venezuela, an OPEC member, sits on the world’s largest crude oil reserves but is suffering the worst loss of oil production in history outside of war-induced outage.