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Oil close to late-2014 highs on supply cuts, strong demand

April 20, 2018/0 Comments/in Fundamental Analysis, Uncategorized Echo_7 /by euitsols

Oil prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts gradually draw down excess supplies. Brent crude oil futures LCOc1 were at $73.87 per barrel at 0209 GMT, up 9 cents, or 0.1 percent, from their last close.

U.S. West Texas Intermediate…

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