Petroleum Exporting Countries have helped crude prices to rise more than 20 percent this year.
Petroleum Export: Oil stayed within sight of its 2019 high of almost $67 a barrel on Tuesday, supported by OPEC-led supply cuts although concern about slowing economic growth that would curb demand weighed.
The supply curbs led by the Organization of the Petroleum Exporting Countries have helped crude prices to rise more than 20 percent this year. U.S. sanctions against OPEC members Iran and Venezuela have also tightened the market. (Petroleum export)
Brent crude slipped 31 cents to $66.19 a barrel, not far from the 2019 high of $66.83 reached on Monday. U.S. crude was up 38 cents at $55.97.
The market is slowly regaining its bullish footing, subject to the perception of economic risks tied to U.S.-China trade talks,” said Harry Tchilinguirian, global head of commodity markets strategy at BNP Paribas.
Market research of Iran and middle east countries
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