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Pump jacks operate at sunset in an oilfield in Midland

Oil mixed as OPEC cuts, US sanctions prop up prices

28 May 2019, 10:43 AM

Oil prices were mixed on Tuesday as supply cuts, led by producer club OPEC, and US sanctions on fuel exports from Iran and Venezuela supported crude, while concerns about an economic slowdown weighed on the market.

An oil well pump jack is seen at an oil field supply yard near Denver, Colorado.

Oil prices stable amid OPEC supply cuts, but US-China trade war drags

27 May 2019, 6:15 AM

A group of producers led by the OPEC, known as OPEC+, has been withholding oil supply since the start of the year to tighten the market and prop up prices.



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