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Oil price hits 2019 high, OPEC cuts concerns over demand ease - Vanguard News Nigeria

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Oil price hits 2019 high, OPEC cuts concerns over demand ease vanguardngr.com vanguardnews

The United States is considering more sanctions against Iran, whose oil exports have been halved by existing measures, an official said.A key crude terminal in Venezuela, also under U.S. sanctions, has halted operations again.

was up 11 cents at 61.70 dollars after rising above 62 dollars for the first time since early November. Further supply losses from Iran and Venezuela could widen an OPEC-led production cut that took effect in January, designed to prevent a price-sapping rise in inventories.

 

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