Oil prices rose to fresh 2019 highs on Tuesday, supported by firm Chinese economic data that eased demand concerns, the possibility of more sanctions on Iran and further Venezuelan supply disruptions.
Brent crude rose 32 cents, or 0.5 per cent, to $69.33 a barrel by 0212 GMT, having earlier touched $69.50, the highest since mid-November.
US West Texas Intermediate (WTI) futures rose 30 cents, or 0.5 per cent, to $61.89 a barrel, after earlier rising above $62 for the first time since early November.
Positive data from the world’s biggest economies, the US and China bolstered prices, with China’s manufacturing sector unexpectedly returning to growth for the first time in four months during March, figures showed on Monday.
