Oil markets opened strongly on Tuesday, with Brent crude remaining near a four-year reached the previous session.
Oil markets have been driven up by looming U.S. sanctions against Iran and an unwillingness or inability by Middle East dominated producer cartel OPEC and Russia to raise output.
Brent crude futures were at $81.39 per barrel at 0042 GMT, up by 19 cents, or 0.2 percent from their last close. This was not far off the November 2014 high of $81.48 a barrel reached the previous day.
U.S. West Texas Intermediate (WTI) crude futures were at $72.22 a barrel, up 14 cents, or 0.2 percent from their last settlement. Read more
Latest posts by Firstpost.com (see all)
- US ends waiver on Iran oil imports: India must now scout for cheaper oil from other sources to avoid a crisis - April 25, 2019
- At Bhopal’s Habibganj railway station, ‘makeover’ by private firm derails infrastructure; local MP insists work going on ‘smoothly’ - April 9, 2019
- After replacing 12 damaged windows, Railways fit Vande Bharat Express with cameras to curb stone-pelting at train - April 6, 2019