TOKYO: OilNSE 0.11 % prices rose to fresh highs for the year on Tuesday, after a US official said Washington is considering more sanctions on Iran and a key Venezuelan export terminal halted operations.
Price were also underpinned by a Reuters survey showing Opec oil supply sank to a four-year low in March, and positive data from the world’s biggest economies, the United States and China.
Brent crude rose 26 cents, or 0.4 per cent, to $69.27 a barrel by 0025 GMT, having earlier touched $69.29, a new high for 2019.
US West Texas Intermediate (WTI) futures rose 28 cents, or 0.5 per cent to $61.87 a barrel, earlier reaching $61.89, also a new high for 2019. WTI closed up 2.4 per cent on Monday.
