Oil rebounds on China trade talk optimism

US sanctions on Venezuela and Iran, threats to oil supplies in Nigeria in Libya support prices

Oil price: Brent settled 2 cents higher at $70.39 a barrel, rebounding from a session low of $69.40 a barrel — Oil price: Brent settled 2 cents higher at $70.39 a barrel, rebounding from a session low of $69.40 a barrelPhoto: REUTERS/SCANPIX

Reuters

Published 9 May 2019, 22:53Updated 9 May 2019, 22:53

Production North America