Oil near 2019 highs amid OPEC cuts, US sanctions on Iran and Venezuela
Singapore: Oil prices hovered just below 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran.
U.S. West Texas Intermediate (WTI) crude oil futures were at $57.30 per barrel at 0046 GMT, up 14 cents, or 0.2 percent, from their last settlement and not far off their 2019 high of $57.55 reached the previous day.
International Brent crude futures had yet to trade, but also hit a 2019 peak the day before, at $67.38 per barrel.
