Oil slips from 4-mth peak, but OPEC cuts, sanctions support
Share:
SINGAPORE (Reuters) - Oil eased from 2019 highs reached earlier in Thursday's session, but markets remain relatively tight amid supply cuts led by producer club OPEC and U.S. government sanctions on Iran and Venezuela.U.S. West Texas Intermediate (WTI) crude futures were at $60.11 per barrel at 0756 GMT on Thursday, down 12 cents, or 0.2 percent, from their last settlement. WTI reached its highest level since Nov. 12 earlier in the day, at $60.33 per barrel.International Brent crude oil futures..