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.

The move appears to end the U.S. company’s work in the oil-rich country and was prompted by what President Trump said was strongman Nicolás Maduro’s failure to accept deportees.