WASHINGTON, DC – In the weeks since the United States snatched Venezuelan President Nicolás Maduro, the Trump administration has been selling the country's oil stash, netting millions of dollars and prompting concerns from lawmakers and industry insiders about corruption.

Oil futures rose for a third straight session, settling at multimonth highs as U.S. military moves into the Middle East raised expectations of possible action against Iran.

By Ashitha Shivaprasad Jan 30 (Reuters) - Oil prices are likely to hold near the $60 a barrel mark this year, as the prospect of oversupply in the market offsets the impact of geopolitical tensions that could disrupt cargoes,

Oil rallies after gold and silver.

Iran tensions push oil up 11% and threaten the Strait of Hormuz (20% of global supply). Click for this overview of the sector and factors influencing oil prices.

Bowing to Trump administration pressure, the new legislation improves conditions for foreign oil companies and opens the way to slash the taxes they pay.

Oil jumped in as fresh tensions over Iran keep markets on edge, weighing on equities and fueling safe-haven assets to new highs.

By Shadia Nasralla LONDON, Jan 28 (Reuters) - Oil prices hit their highest since late September on Wednesday after a winter storm disrupted U.S. crude output while a weak U.S. dollar and continued Kazakh outages lent further support.