Oil prices hit 2019 highs amid supply cuts, trade talk hopes

International Brent crude futures traded at $66.66 per barrel, up 41 cents, or 0.6 per cent, from their last close.

Oil prices on Monday hit their highest levels since November last year, lifted by OPEC-led supply cuts, US sanctions on Iran and Venezuela, and hopes that the Sino-US trade dispute may soon end.

International Brent crude futures were at $66.66 per barrel at 0746 GMT, up 41 cents, or 0.6 per cent, from their last close. Brent earlier climbed to its highest since November 2018 at $66.78 a barrel.