Oil falls on possible global output rise

US sanctions on Iran and Venezuela, instability of Libyan output have deepened Opec supply cuts

Oil price: Brent settled 49 cents lower at $70.61 a barrel, after hitting $71.34, its highest since November — Oil price: Brent settled 49 cents lower at $70.61 a barrel, after hitting $71.34, its highest since NovemberPhoto: REUTERS/SCANPIX

Reuters

Published 9 April 2019, 23:04Updated 9 April 2019, 23:04

Production Russia Opec North America