OPEC production cuts steadies oil prices
- FX Market
- 7 months ago
Oil prices have begun the day steadily as supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela have boosted prices, however analysts have given word of caution regarding a sharp economic slowdown.
Brent crude oil futures were at $67.46 per barrel up 25%, or 0.4 percent, from their last close.
WTI futures were at $59.31 per barrel, up 49 cents, or 0.8%, from their last settlement.
Source: Smart Trend Team