U.S. oil up 1 percent on Venezuela turmoil, but hefty stock build weighs
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NEW YORK (Reuters) - U.S. oil prices rose by 1 percent on Thursday, boosted by the U.S. threat of sanctions on Venezuela, but gains were capped by record high gasoline inventories and an unexpected big build in crude stocks in the United States.U.S. West Texas Intermediate (WTI) crude futures rose 51 cents to settle at $53.13 a barrel, a 0.97 percent gain. Brent crude futures fell 5 cents to settle at $61.09 a barrel. Washington signalled it could impose sanctions on Venezuela's crude exports as..