Crude prices ended the week on a positive note after touching their highest highs since late November amid OPEC-led production cuts and the US sanctions against Venezuelan exports, which are helping cut down the excess global supply.
Prices got more support after the optimism that the trade deal between the United States and China would help revive the world’s second-largest economy, raising hopes for increased demand. On the other hand, prices still remained under pressure over the rising US production.
