Oil prices held near 2019 highs on Thursday, with OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran offering support.
Global benchmark Brent crude futures eased by 4 cents or 0.1 percent to $67.03 a barrel after hitting a 2019 high on Wednesday at $67.38.
U.S. West Texas Intermediate (WTI) crude oil futures were up 0.3 percent at $57.34 a barrel.
Oil prices have risen by more than 20 percent so far this year as evidence of productions cuts helped offset investor worries over soaring U.S. production and expectations of an economic slowdown.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.