Oil slips from 2019 highs as economic concerns weigh

 

© Reuters. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang

 

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 U.S. sanctions against Iran and Venezuela.

Brent crude oil futures were at $67.72 per barrel at 0419 GMT, down 14 cents, or 0.2 percent, from their last close. Brent hit a four-month high of $68.69 per barrel the day before.

U.S. West Texas Intermediate (WTI) futures were at $59.84 per barrel, down 14 cents, or 0.2 percent from their last settlement. WTI also hit a 2019 peak at $60.39 the previous day

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