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Brent oil price hits highest level in a year

Monday, October 10, 2016 - 22:42
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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.

[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