Oil Prices Hold Steady. U.S. Said to Be Looking at Relaxing Venezuela Sanctions.

Oil prices on Thursday largely held to gains from the previous session despite a report from The Wall Street Journal that the U.S. government could relax sanctions on Venezuela to allow new supply onto the market. 

The U.S. government is preparing to loosen sanctions on Venezuela and allow


Chevron


(ticker: CVX) to resume pumping oil there, the Journal reported, citing people familiar with the matter.