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Oil prices firm as Saudi Arabia says OPEC may extend supply cuts


Tuesday, 30 April 2019 18:16 WIB

Minyak jenis BrentMinyak WTI BerjangkaPasokan Minyak


c_740_198_16777215_00_images_assets_OIL2_globaloil.jpg

Oil prices rose 1 percent on Tuesday after Saudi Arabia said a deal between producers to withhold output could be extended beyond June to cover all of 2019.

The comments by Saudi Energy Minister Khalid al-Falih came despite pressure from U.S. President Donald Trump to raise output to make up for a supply shortfall expected from tightening U.S. sanctions against Iran.

Brent crude futures had risen to $72.72 per barrel by 1010 GMT, up 68 cents or 0.94 percent from their last close.

U.S. crude futures were at $64.10, up 60 cents or 0.95 percent.

Source: Reuters


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