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Sanctions and supply cuts support oil prices
March 7, 2019
Source: Reuters

Sanctions and supply cuts support oil prices

Oil prices increased on Thursday over OPEC-led supply cuts and US sanctions imposed on Iran and Venezuela. The prices were dragged down by record pumping of crude output and rising commercial fuel inventories in US. Brent increased by 0.6% and was traded at $66.36 per barrel. WTI went up by 0.4% and was traded at $56.45 per barrel.

   Read More About : Brent Price Oil Prices OPEC US WTI
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