Brent crude has surpassed $68 per barrel for the first time since May 2015. Oil prices have been buoyed by information that joint production cuts between Russia and Saudi Arabia-led OPEC are working.
The European benchmark Brent touched $68.29 per barrel on Tuesday before retreating to $67.91. The US West Texas Intermediate benchmark was also trading near multi-year highs at $61.95. Continue reading “Oil hits highest level since 2015 as Russian-Saudi output cuts bring result”
