Oil Pares Gain as IEA Discusses Ways to Tackle Venezuela Risks
Maduro wins elections, raising risk for stricken oil industry
WTI trades 0.2% higher, after rising as much as 0.9% earlier
By Sharon Cho and Alex Longley
Oil traded near $71 a barrel, paring earlier gains, as the International Energy Agency said it’s in talks with producing nations to step in should sanctions be imposed on Venezuela, resulting in a supply shortfall.