Oil prices rose more than 2% on Thursday as supply concerns resurfaced after U.S. President Donald Trump revoked a licence granted to U.S. oil major Chevron to operate in Venezuela. Investors were still keeping an eye on signs of a potential peace deal in Ukraine,

The Trump administration is revoking Chevron's Venezuela oil license in a blow to the Maduro regime. Director of the Americas Program at the Center for Strategic & International Studies Ryan Berg joins José Díaz-Balart to discuss the potential impact of the move.

A permit issued by the United States government allowing energy giant Chevron Corp. to pump and export Venezuelan oil will be terminated this week.