Singapore — Oil prices eased from 2019 peaks on Friday as economic growth concerns weighed on sentiment, pausing a three-month rally driven by Opec-led supply cuts and US sanctions against Iran and Venezuela. Brent crude oil futures were at $67.72 a barrel at 4.19am GMT, down 14c, or 0.2%, from their last close. Brent hit a four-month high of $68.69 a barrel the day before. US West Texas Intermediate (WTI) futures were at $59.84 a barrel, down 14c, or 0.2% from their last settlement. WTI also hit a 2019 peak at $60.39 the previous day. “Global economic growth still remains a concern,” said Sukrit Vijayakar, director of energy consultancy Trifecta. Economic growth has slowed across Asia, Europe and North America, potentially denting fuel consumption. Oil prices this year have been propped up by supply cuts by the Opec and non-affiliated allies such as Russia, often referred to as Opec+. Canadian investment bank RBC Capital Markets said oil was “still below the fiscal breakeven level ...

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