Oil prices on track for weekly gain
Oil production cuts from Opec members and Russia, as well as reduced exports from Iran and Venezuela due to US sanctions, are supporting crude prices
23 August 2019 - 12:37
London — Oil prices steadied on Friday, on track for a weekly gain, with attention focused on a speech by US Federal Reserve chief Jerome Powell for news on whether it will cut interest rates for a second time in 2019 to boost the world's largest economy.
Brent crude futures, the international benchmark for oil prices, fell four US cents to $59.88 a barrel by 8.13am GMT but was up about 2.1% on the week...
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