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Sanctions

Oil hits high for 2019 on OPEC supply cuts, U.S. sanctions on Iran and Venezuela

The Globe and Mail - Henning Gloystein

Oil prices rose to their highest levels in 2019 on Monday, lifted by OPEC-led supply cuts and by U.S. sanctions on Iran and Venezuela. U.S. West Texas Intermediate (WTI) crude oil futures hit $56 per barrel for the first time this year, before edging back to $55.89 per barrel by 0051 GMT. That was …

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