Other oil-market news:
- Gasoline futures fell 1.8% to $1.6873 a gallon.
- Trump imposed further sanctions on Venezuela, freezing the government’s assets in the U.S. and adding immigration restrictions in a move aimed at stepping up pressure on the regime of Nicolas Maduro.
- Goldman Sachs Group Inc. trimmed its 2020 U.S. oil output growth forecast to 1.1 million barrels a day from 1.2 million due to slower than expected activity among private companies and weaker ramp-up for explorers and producers.
This story provided by Bloomberg News.