Chavez warns US of possible oil supply cut

Venezuelan President Hugo Chavez warned today that his nation, the world’s fifth-largest oil exporter, would cut off oil supplies to the United States if the US tries to “hurt” his country, news reports said.

“We want to supply oil to the United States. We are not going to avoid supplying oil unless the US government gets a little bit crazy and tries to hurt us,” he told reporters during a visit to India, according to Dow Jones Newswires.