Commodities

Oil Prices Hit 2019 Highs Amid Supply Cuts

Oil prices extended recent gains on Friday, with Brent crude futures briefly hitting 2019 highs above $65 per barrel, helped by OPEC-led supply cuts and the announcement of an even deeper cut by Saudi Arabia.

Global benchmark Brent crude rose 0.3 percent to $64.76 per barrel, while U.S. West Texas Intermediate crude futures were up 0.1 percent at $54.46 per barrel.

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by RTTNews Staff Writer

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