Oil hits multi-year high on OPEC+ restraint amid global energy crunch1 min read . Updated: 06 Oct 2021, 06:15 PM IST
Brent crude rose as high as $83.47, the highest since Oct 2018, and at 1115 GMT was down 40 cents, or 0.5%, at $82.16. US crude climbed to $79.78, the highest since Nov 2014, and was later down 35 cents at $78.58
LONDON : Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+'s refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply globally.
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