Heard on the Street

Venezuela Could Force Oil Market to Take Stock

Feb. 24, 2014 3:02 p.m. ET

The oil market has lived in interesting times for so long it could do with a weekend off. This one wasn't it.

Ukraine dominated headlines, but in terms of oil output it is an irrelevance. Libya and Venezuela loom much larger.

It wasn't meant to be like this. Coming into 2014, the International Energy Agency was projecting oil supply...

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