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Oil touches seven-week highs after signs of tighter supply

Updated : August 28, 2018 06:00 PM IST

Brent crude oil futures were up 47 cents at $76.68 a barrel by 1211 GMT, near their highest since July 11, while US crude futures were up 3 cents at $68.90 a barrel.
OPEC and its partners agreed in late 2016 to cut output from 2017 by around 1.8 million barrels per day (bpd) versus October 2016 levels.
Oil touches seven-week highs after signs of tighter supply

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