U.S. oil retreats from 2019 high on soaring production

New York — U.S. crude futures briefly hit a 2019 high on Friday but retreated along with benchmark Brent oil as worries about the global economy and robust U.S. production put a brake on prices. West Texas Intermediate (WTI) crude oil futures were down 12 cents at $58.49 per barrel at 12:08 p.m. EDT (1608 GMT), … More »