Date of release: 2019/2/15 12:40
International crude prices rose Brent to a record high of 2019 above $ 65 a barrel on Friday, supported by OPEC-led production cuts and a partial closure of Saudi Arabia’s largest offshore oil field .
Brent rose to $ 65.10, the first time it was above $ 65 this year, before retreating to $ 64.77 by 0623 GMT, up about 0.3 percent from the previous settlement.
The benchmark is close to a three-month high and is heading for a weekly gain of 4.5 percent this week.
US WTI crude futures were $ 54.56 a barrel, up 15 cents, or 0.3 percent, from the previous settlement.
Traders said the price was supported by a partial closure of Saudi Arabia’s largest offshore oilfield , the Safaniya , which has a production capacity of over 1 million bpd.
The source said the closure took place earlier this week. It was not clear when the field would return to full capacity