Tag Archives: Oil prices set to hit $70 as OPEC supply cuts tighten market

Oil prices set to hit $70 as OPEC supply cuts tighten market

Oil prices were up early on Tuesday, supported by a tightening market due to ongoing OPEC-led efforts to cut supplies, although the prospect of rising U.S. shale output dragged. Brent crude futures, the international benchmark for oil prices, were at 60.84 dollars per barrel at 0027 GMT. Brent was 60.91 dollars on Tuesday. U.S. West Texas Intermediate (WTI) crude futures ...

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