Oil prices near 2019 highs on OPEC cuts, U.S. sanctions

Singapore — Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC. U.S. sanctions against oil producers Iran and Venezuela are also boosting prices, although traders said the market may be capped by rising U.S. output. U.S. West Texas Intermediate, WTI, futures were at $59.14 per barrel at … More »