Brent Crude Tops US$81 Per Barrel First Time Since October 2018

File photo taken on March 12, 2019 shows operating oil pumps in Luling of Texas, the United States. U.S. oil prices turned negative on April 20, 2020. West Texas Intermediate crude for May delivery shed more than 300 percent to settle at -37.63 U.S. dollars per barrel on the New York Mercantile Exchange. (Xinhua/Wang Ying)
(Xinhua/Wang Ying)

Global oil prices growth reached 2.5%, and Brent crude topped $81 for the first time since October 17, 2018, on reports that OPEC+ had decided not to accelerate increase in production.

As of 13:48 GMT, the price of December futures for Brent crude oil rose by 2.71% to $81.43 per barrel, November futures for WTI crude were trading up 2.61% at $77.86 per barrel.

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