Oil rises over 2 percent to 2019 highs on tightening supplies

17 February 2019, New York/London/Singapore/Sidney — Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia’s offshore oilfield boosted expectations for tightening supply while progressing U.S.-Sino trade talks strengthened demand sentiment. The international Brent crude benchmark rose $1.68, or 2.6 percent, to settle at $66.25 … More »