Oil prices rise 1 percent as U.S. threatens sanctions against Venezuela
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SYDNEY/SINGAPORE (Reuters) - Oil prices rose by 1 percent on Friday as turmoil in Venezuela triggered concerns that its oil exports could soon be disrupted.Washington on Thursday signalled it could impose sanctions on Venezuela's crude exports as Caracas descends further into political and economic turmoil.International Brent crude oil futures were at $61.70 a barrel at 0227 GMT, 61 cents, or 1 percent, above their last close.U.S. West Texas Intermediate (WTI) crude futures were at $53.76 per..