Oil gains as Iran protests raise crude supply risk.

Oil prices held gains as Iran protests were reported to pose fresh crude supply risk, and the US president signed an order to protect Venezuelan oil revenue while meeting with major oil company leaders.

Oil prices held gains after reports that protests in Iran posed fresh crude supply risk. Market attention shifted toward those developments and away from Venezuela. The US president signed an executive order to protect Venezuelan oil revenue held in US Treasury accounts from creditors. He also summoned leaders of major oil companies to a White House meeting to discuss rebuilding Venezuela's energy sector. Reported facts: - Iran protests were reported as creating fresh crude supply risk. - The US president signed an executive order to safeguard Venezuelan oil revenue held in US Treasury accounts from the country's creditors. - The president met with leaders of major oil companies and pledged capital toward rebuilding Venezuela's energy sector; the article mentions Chevron and Exxon Mobil were among those involved, and it reports that Exxon's head called Venezuela "uninvestable" and that the president said he was displeased with Exxon's response. Summary: The reported events have drawn market attention to potential crude supply risks and to US policy measures affecting Venezuelan oil revenue. Undetermined at this time.