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Global oil prices firm amid US sanctions on crude exporters Iran, Venezuela

Updated : May 08, 2019 08:12 AM IST

US West Texas Intermediate (WTI) crude futures were at $61.56 per barrel at 0057 GMT on Wednesday, 17 cents, or 0.3 percent, above their last settlement.
Brent crude oil futures were at $69.94 per barrel, 6 cents, or 0.1 percent, above their last close.
Wednesday's firmer prices partly reversed bigger price falls earlier in the week, which were triggered by announcements from Washington that the United States would this Friday further hike import tariffs on Chinese goods.
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