India, May 28 -- Oil prices were slightly higher on Wednesday after the U.S. barred Chevron from exporting crude oil from Venezuela under a new authorization targeting company's assets in that country.
Overall gains, however, were constrained by expectations of higher production from OPEC+.
Benchmark Brent crude futures edged up by 0.2 percent to $63.8 in early European trade, while WTI crude futures were up 0.1 percent at $60.96.
Reuters reported, citing sources with knowledge of the decision that the Trump administration has issued a narrow authorization for U.S. oil producer Chevron to keep assets in Venezuela, including its stakes in oil joint ventures with state company PDVSA.
Under the new directive, Chevron cannot operate oilfiel...