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Oil prices rise on supply cuts, but global slowdown looms


Tuesday, 15 January 2019 18:51 WIB

BrentMinyak WTI


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Oil prices rose on Tuesday amid supply cuts by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand.

Brent crude oil futures were at $59.47 per barrel at 0950 GMT, up 48 cents, or 0.81 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $50.92 per barrel, also up 0.81 percent, or 41 cents.

Investing.com


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