Oil prices hit almost 14-month high after OPEC+ extends output cuts

Brent crude futures were up $1.75, or 2.6%, at $68.49 a barrel by 1250 GMT and U.S. West Texas Intermediate (WTI) crude futures climbed $1.49, or 2.3%, to $65.32

Oil prices jumped more than 3 per cent on Friday, hitting their highest levels in over a year after Opec and its allies agreed not to increase supply in April as they await a more substantial recovery in demand.
 
Brent crude futures were up $2.23, or 3.3 per cent, at $68.97 a barrel by 1441 GMT — a nearly 14-month high.
 
US West Texas Intermediate (WTI) crude futures climbed $2, or 3.1 per cent, to $65.83 — the highest since April 2019.
 
Both contracts surged more than 4 per cent on Thursday after the Organization of the