Oil prices hit 18-month high as markets eye production cuts

04 January 2016, Lagos – Crude oil prices tuesday, the first trading day of 2017, hit an 18-month high, buoyed by hopes that a deal between the Organisation of Petroleum Exporting Countries (OPEC) and other exporters to cut production, which kicked in on Sunday, will drain a global supply glut. Global benchmark, Brent crude, jumped […] More »