Oil Rises as Supply Constraints Outweigh China Slowdown Fears
Friday, 12 April 2019 19:33 WIB | COMMODITY |MinyakWTIBrent

Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a tightening market, already underpinned by a production reduction deal from OPEC and its allies.

Brent crude oil futures were at $71.67 a barrel at 10:44 GMT, up 84 cents and heading for a weekly gain of 1.9 percent, their third weekly gain in a row.

U.S. West Texas Intermediate (WTI) crude futures were at $64.53, up 95 cents and set for a weekly rise of 2.3 percent, their sixth straight week of gains.

Source : Reuters

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