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Oil prices stable amid sanctions and OPEC cuts(Update)


International benchmark Brent crude oil futures were at $67.16 per barrel at 0029 GMT, down 7 cents from their last close, but still within a dollar of the $68.14 per barrel 2019-high reached the previous day.  U.S. West Texas Intermediate (WTI) crude oil futures were at $58.53 per barrel, down 8 cents from their last settlement, and also not far off their 2019-high of $58.74 from the previous day.  Despite Friday's dips, crude has gained around a quarter in value since the start of the year.

International benchmark Brent crude oil futures were at $67.16 per barrel at 0029 GMT, down 7 cents from their last close, but still within a dollar of the $68.14 per barrel 2019-high reached the previous day. U.S. West Texas Intermediate (WTI) crude oil futures were at $58.53 per barrel, down 8 cents from their last settlement, and also not far off their 2019-high of $58.74 from the previous day. Despite Friday's dips, crude has gained around a quarter in value since the start of the year.

SINGAPORE: Oil prices were steady on Friday amid support from ongoing supply cuts led by OPEC and U.S. sanctions on Venezuela and Iran, but weighed down by concerns that an economic slowdown will soon start denting growth in fuel demand.

International benchmark Brent crude oil futures were at $67.16 per barrel at 0029 GMT, down 7 cents from their last close, but still within a dollar of the $68.14 per barrel 2019-high reached the previous day.

Oil & Gas , Markets , Corporate News

   

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