Oil prices were mixed on Tuesday as supply cuts, led by producer club OPEC, and ...
SINGAPORE - Oil prices were mixed on Tuesday as supply cuts, led by producer club OPEC, and U.S. sanctions on fuel exports from Iran and Venezuela supported crude, while concerns about an economic slowdown weighed on the market.
U.S. West Texas Intermediate crude futures were at $59.03 per barrel, up 40 cents, or 0.7%, from their last close on Friday. WTI did not trade on Monday due to a U.S. public holiday. Beyond the OPEC cuts, U.S. sanctions on petroleum exports from Iran and Venezuela have tightened markets.
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