Thursday 7 March 2019

Oil edges up on Venezuela and Iran sanctions, OPEC supply cuts | Reuters

Oil edges up on Venezuela and Iran sanctions, OPEC supply cuts | Reuters:

Oil prices crept up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but gains were capped by record U.S. crude output and rising commercial fuel inventories.

Brent crude futures were at $66.12 per barrel at 0757 GMT, up 13 cents, or 0.2 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude oil futures were at $56.24 per barrel, up 2 cents.

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