Oil hovers just below 2019 highs as markets look to trade talks | Reuters

Oil hovers just below 2019 highs as markets look to trade talks | Reuters:

Oil prices hovered just below 2019 highs on Tuesday as traders waited for the outcome of U.S.-China trade talks this week, while supply cuts led by producer group OPEC meant markets were relatively tight.

International Brent crude oil futures were at $66.52 per barrel at 0755 GMT, 5 cents above their last close and not far off the 2019 high of $66.83 a barrel hit in the previous session.

U.S. West Texas Intermediate (WTI) crude futures were at $56.03 per barrel, up 44 cents, or 0.8 percent, from their last settlement and close to the 2019 high of $56.33 touched the previous day.