Singapore: Oil prices were firm on Friday amid production cuts led by OPEC and as US sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019. But oil prices have been capped by concerns that an economic slowdown will soon start denting growth in fuel demand.
Brent crude oil futures were at USD 67.27 per barrel at 0425 GMT, 4 cents above their last close, and within a dollar of the USD 68.14 2019-high reached the previous day.
