On Wednesday Oil went higher, boosted by supply cuts from OPEC and U.S. penalties upon oil exporters Venezuela and Iran. However, profits were limited by expectations that economic retardation could quickly go out of fuel. U.S. West Texas Intermediate (WTI) crude oil futures were at up at $64.10 per barrel, above their last close. International benchmark Brent futures were up at $70.66 per barrel.
IMF reduced global economic growth
Daily Analysis - 10/04/2019