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Commodities

Oil prices edge higher, but future demand concerns cap gains

Updated : March 27, 2019 09:43 AM IST

On Tuesday, the global benchmark rose 76 cents to $67.97 a barrel, not far below its year-to-date high of $68.69, reached on March 21.
US crude futures added 9 cents, or 0.2 percent, to $60.03, also reversing losses in earlier trade.
Prices have risen more than 25 percent this year, supported by supply curbs by the Organization of the Petroleum Exporting Countries and other major producers, along with US sanctions on exports from Venezuela and Iran.

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