LIVE CRUDE OIL NEWS UPDATE BY @www.tradelinecommodity.com India's No.1mcx Tips Provider Call Whatsapp @:8533828881 /8057046270
UPDATE 2-Oil steady amid tightening supply, but capped by economic slowdown OPEC cuts, U.S. sanctions have tightened oil markets this year * But slowing global economy could weigh on fuel consumption (Adds ANZ Brent forecast, updates prices) By Henning Gloystein SINGAPORE, April 10 Oil prices moved little on Wednesday, supported by supply cuts by producer group OPEC and U.S. sanctions against oil exporters Iran and Venezuela, but pressured by expe ctations that an economic slowdown could soon dent fuel consumption.International benchmark Brent futures were at $70.59 per barrel at 0409 GMT, down 2 cents from the ir last close. U.S. West Texas Intermediate (WTI) crude oil futures were at $64.09 per barrel, up 9 cents from their last settlement.Both benchmarks hit five-month highs on Tuesday, before easing on global growth worries. oil markets have tightened this year because of U.S. sanctions on oil exporters Iran and Venezuela, as well as supply cuts by the Organization of