Advertisement

Oil prices dip from 2019 high

The price of oil fell from its 2019 high of almost $67 a barrel on Tuesday as concerns about the progress of US/China trade talks and slowing economic growth countered lower supplies.
 
Supply cuts led by the Organization of Petroleum Exporting Countries (OPEC) have helped crude to rise more than 20 per cent this year, although demand-side worries remain the main drag on the market.
 
Brent crude slipped 64 cents to $65.86 a barrel, having reached a 2019 high of $66.83 on Monday. 
 
U.S. crude was down 26 cents at $55.33.


comments powered by Disqus
More Stories
Most Popular
Jamaican narrowly escapes New Zealand mass...
DJ Khaled back in Jamaica for Buju Banton...