CRUDE OIL UPDATE :: MCX PROFIT HUB

Oil hits most astounding since November 2018 in the midst of OPEC cuts, U.S. sanctions.

Oil costs rose to their most elevated amount since November 2018 on Monday, driven upwards by OPEC’s continuous supply cuts, U.S. sanctions against Iran and Venezuela, and solid U.S. employments information.

Global benchmark Brent fates were at $70.65 per barrel at 0441 GMT on Monday, up 31 pennies, or 0.4 percent from their last close.

U.S. West Texas Intermediate (WTI) rough were up 31 pennies, or 0.5 percent, at $63.39 per barrel.

Brent and WTI both hit their most noteworthy since November at $70.76 and $63.48 a barrel, individually, at an opportune time Monday.

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