Tokyo-Sana
Oil prices rose today, reaching their highest levels in three years, after the OPEC Plus alliance of major producers stuck to a scheduled production increase, instead of pumping more crude.
Reuters reported that Brent crude rose $1.30, or 1.6 percent, to $82.56 a barrel, and during the session, Brent recorded its highest level in three years at $83.13, and US West Texas Intermediate crude rose $1.31, or 1.7 percent, to $78.93 a barrel, its highest level in nearly seven years.
The countries of the “OPEC Plus” group had agreed to stick to their current commitment to add 400,000 barrels per day of oil to the market next November.