Oil firm as supply cuts point to tighter market despite weakening economy

16/01/2019 12:37

Oil firm as supply cuts point to tighter market despite weakening economy


Oil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC-led supply cuts will tighten markets despite signs of a global economic slowdown.

Brent crude oil futures LCOc1 were at $60.83 per barrel at 0748 GMT, 19 cents, or 0.3 percent above their last close.

 


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