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Chávez says oil could reach $300
Venezuelan President Hugo Chávez said on Sunday oil prices could hit per barrel if US oil company Exxon Mobil again freezes Venezuelan assets.
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Venezuela halts oil supplies to Exxon Mobil
Venezuelan President Hugo Chávez stopped oil exports to Exxon Mobil on Tuesday, escalating a multibillion-dollar fight with the United States company two days after threatening to cut off all supplies to America. The anti-US president’s retaliation for Exxon’s legal offensive pushed oil prices higher in late trading.