Brent oil briefly hits $65 as production cuts fuel 2019 high | Reuters:
Brent crude oil briefly reached 2019 highs above $65 per barrel on Friday, as OPEC-led supply cuts and the announcement of a higher-than-expected cut by Saudi Arabia this week encouraged investors.
The international benchmark for oil prices rose as high as $65.10, pushing past $65 for the first time this year. It fell back to $64.75 by 0850 GMT, up 18 cents or 0.28 percent from the last close.
Brent is near a three-month high and set for a more than 1 percent gain on the week.
No comments:
Post a Comment