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Oil hits 2019 high as supply squeeze looms
Brent crude nears US$70 a barrel on supply losses in Venezuela and Iran
Add BT as a preferred sourcePublished Wed, Apr 3, 2019 · 09:50 PM
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New York
OIL prices on Tuesday hit their highest level so far in 2019, with Brent crude approaching US$70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an Opec-led supply cut.
Brent futures reached a session peak at US$69.52 a barrel, the highest since Nov 13. The global benchmark rose 36 cents, or 0.52 per cent, to settle at US$69.37 a barrel.
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