Oil prices rise above $57/bbl for April 2019 contracts

Oil prices rise above $57/bbl for April 2019 contracts

Crude oil prices on New York and London SE closed with the light, sweet crude oil contract for April above $57/bbl while the Brent contract settled above $66/bbl. This is due to production cuts approved in December 2018 from the Organization of Petroleum Exporting Countries (OPEC) and other major producers, including Russia