Oil edges up amid OPEC cuts, U.S. sanctions on Iran and Venezuela

Oil edges up amid OPEC cuts, U.S. sanctions on Iran and Venezuela

WI Vs ENG | 3rd Test | Feb 12, 2019 ENG 325/4 (100.0) SINGAPORE (Reuters) - Oil prices edged up on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although surging U.S. production and concerns over economic growth kept markets in check. U.S. West Texas Intermediate (WTI) crude oil futures were at $52.60 per barrel at 0043 GMT, up 19 cents, or 0.4 percent, from their last close. But some said that supply-side risks were not receiving enough focus.

Read more at 
Firstpost

Timeline

.......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
.......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
.......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........

In-depth coverage

Read more top Business stories on Crisp