New York-Sana
Oil prices jumped today by more than 2 percent to reach its highest level in nearly 14 months after OPEC and its allies agreed not to increase supplies in April as they await a greater recovery in demand in light of the Corona virus pandemic.
According to Reuters, Brent crude futures increased $ 1.75, or 2.6 percent, to $ 68.49 a barrel, while U.S. West Texas Intermediate crude futures rose $ 1.49, or 2.3 percent, to $ 56.32, as the two crude were on the path of achieving weekly gains.
