Similar Stories to Oil Near 2019 Highs Amid Opec Cuts, U.s. Sanctions on Bing News

Reuters: Business News, Reuters: Business
Tue, 02/19/2019 - 8:52pm

Oil prices were around 2019 highs on Wednesday, propped up by supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.

Topics: opec u.s iran venezuela oil highs cuts

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BING NEWS:

Oil prices end with gains, but off session highs, after rise in U.S. crude, gasoline inventories
Oil futures trimmed gains Wednesday, pulling back from session highs attributed to a cooler-than-expected May consumer-price index reading, after government data showed unexpected increases in U.S.
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OPEC Will Hike Production (Probably)
OPEC and its partners announced the plan to restore portions of its hefty production cuts starting this October. The market over-reacted at first, but even after a partial correction, West Texas ...
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Oil dips on deflated US interest rate cut expectations, OPEC+ decision
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Crude futures extend their recovery from the selloff early this week as OPEC ministers push back against the market reaction to their decision to start tapering output cuts after September. "OPEC+ ...
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Markets Have Overreacted to OPEC’s Plan To Phase Out Production Cuts
Commodity analysts at Standard Chartered have pointed out that the price undershooting was the consequence of markets being dominated by a combination of extreme macroeconomic pessimism; speculative s ...
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