Oil slips further from 2019 highs on trade worries | Reuters

Oil slips further from 2019 highs on trade worries | Reuters:

Oil fell further from 2019 highs on Friday as focus shifted to a lack of progress in U.S.-China trade talks, but prices found support from supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela. 

Brent crude futures were at $67.11 per barrel at 1204 GMT, 75 cents below their last close and broadly flat on the week. The contract hit a four-month high of $68.69 on Thursday. 


Benchmark Brent has risen by just under a third since the beginning of January, when OPEC started to cut production.