Oil price hits 18-month high at $58.37

Oil price hits 18-month high at $58.37

Oil prices hit 18-month highs yesterday, the first trading day of 2017, buoyed by hopes that a deal between Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members to cut production, which kicked in on Sunday, will drain a global supply glut. Benchmark Brent sweet crude jumped more than two per cent to a high […]

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Source: Oil price hits 18-month high at $58.37

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