Venezuela says it will stop sending oil to US if Exxon freezes assets

MARACAIBO, Venezuela (AP) – President Hugo Chavez says if Exxon Mobil Corp. dares to freeze Venezuela’s assets, he will not sell any more oil to the United States.

Chavez said Sunday that while the U.S. oil giant lost an international court case to freeze the assets in March, it is still trying.

He said that if Exxon Mobil succeeds, oil prices will reach US$300. He also accused the company of stealing Venezuela’s oil.