Trends shaping global oil prices

PUBLISHED: Wed, 20 Mar 2019 09:24:28 GMT

Oil prices struck new 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela. Meanwhile, Producer group, OPEC has cancelled its April meeting leaving production cuts in place until June. Uchenna Minnis, Chief Market Analyst at Eagle Global Markets joins CNBC Africa to discuss trends shaping global oil prices.

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