Oil jumps to highest level since November 2014 as OPEC defies Trump
Trading at $80.1 a barrel
Oil jumps to highest level since November 2014 as OPEC defies Trump. Photos: iStockphoto/Gage Skidmore/Flickr/Creative Commons CC BY-SA 2.0
Brent Crude climbed above $80 a barrel to its highest point since November 2014 on Monday after OPEC and its allies refrained from announcing a raise in oil production despite pressure from US President Donald Trump to increase supply.
The Organisation of the Petroleum Exporting Countries (OPEC) along with Russia and other non-OPEC nations met in Algiers on Sunday to discuss the possibility of raising output but ruled out any increase....
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