Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
Commodities
Powered by:

Brent crude hits 2019-high amid OPEC supply cuts, sanctions on Venezuela and Iran

Updated : March 14, 2019 01:39 PM IST

International Brent crude oil futures marked a 2019-peak of $67.80 per barrel in Asian morning hours. That was also the strongest level since November 2018. Brent was still at $67.75 per barrel at 0244 GMT, up 20 cents, or 0.3 percent, from its last close.
US West Texas Intermediate (WTI) crude futures were at $58.38 per barrel, up 12 cents, or 0.2 percent, from their last settlement, and also close to November 2018 highs reached the previous day.
In Venezuela, oil production and exports have been disrupted by a political and economic crisis that has caused massive blackouts and supply shortages, while Washington has barred US companies from doing business with the Venezuelan government, including state-owned oil firm PDVSA.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV