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Oil prices rise on OPEC's supply cuts and healthy demand

Tuesday, 12 March 2019 08:31 WIB

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Oil prices rose on Tuesday, lifted by output cuts led by producer group OPEC as well as healthy demand, although analysts said economic headwinds posed downside risks to crude markets.

U.S. West Texas Intermediate (WTI) crude oil futures were at $56.99 per barrel at 0012 GMT, up 20 cents, or 0.4 percent, from their last settlement.

Brent crude futures were at $66.76 per barrel, up 18 cents, or 0.3 percent.          

Source: Reuters

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