Brent oil price hits highest level in a year
Published Mon, Oct 10, 2016 · 02:42 PM
[LONDON] Brent North Sea crude rose to US$53.45 a barrel on Monday - its highest price in a year after President Vladimir Putin indicated Russia was ready to join measures to limit global oil production.
At around 1453 GMT, the price hit US$53.45 - a US$1.53 increase from Monday. It was the highest level reached since October 2015, when it was at US$54.05 a barrel.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Orsted says Taiwan wind project to power TSMC on track for 2025 finish
Gold edges down as Middle East worries ebb
Oil rises as dollar slips, focus shifts to economic data
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Gold edges higher; hovers near one-week low on tempered Middle East fears
Why has gold’s inverse relationship with the US dollar reversed?