Brent oil price hits highest level in a year

Brent North Sea crude rose to USD 53.45 a barrel today - its highest price in a year after President Vladimir Putin indicated Russia was ready to join measures to limit global oil production.
At around 1453 GMT, the price hit USD 53.45 - a USD 1.53 increase from today. It was the highest level reached since October 2015, when it was at USD 54.05 a barrel.