EnergyWatch

Brent raised above USD 70 by cuts and sanctions

US sanctions against Iran and Venezuela's fuel export as well as production costs at OPEC support the price development, as it counterbalances concerns about the world economy.

Photo: Ritzau Scanpix/AP/Chuck Bennett

Oil prices have been consolidated Tuesday morning, when the price of a barrel of Brent, the European reference oil, stays above USD 70, a level it reached Monday evening, according to Reuters.

A barrel of Brent Tuesday morning costs USD 70.04 against USD 69.35 Monday afternoon. The US WTI oil was concurrently trading at USD 59.11 against 58.59 Monday afternoon.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs