Crude oil prices hit 2-1/2 year highs after OPEC+ extends oil production cuts through April

Crude oil prices hit $67.94 this morning, which is the highest level recorded since October 2018 on improving fundamental picture for “black gold.” Fundamental analysis: Oil production cuts extended OPEC+, which consists of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, decided to prolong production cuts for an additional month in spite […]