Oil prices slip, but supply cuts support - Reuters

Oil prices slip, but supply cuts support - Reuters:

Oil prices eased on Thursday, although a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran all limited losses.

Brent crude futures were at $71.49 a barrel at 0943 GMT, down 13 cents from their last close and further away from Wednesday’s five-month high of $72.27 a barrel. 


U.S. West Texas Intermediate (WTI) crude futures were at $63.71 per barrel, down 5 cents.