Sunday, March 16, 2025 | 03:22 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

WTI crude hits 6-year high, Brent nears $78 as OPEC+ talks collapse

OPEC+ talks collapse after Saudi-UAE clash; White House urges compromise to allow output increase

Crude oil
Premium

Reuters
Oil prices surged to multi-year highs on Tuesday including US crude hitting its highest since 2014 after OPEC+ producers fell out over plans to raise supply in the face of rising global demand.

Brent crude climbed 62 cents, or 0.8 per cent, to $77.78 a barrel by 0748 GMT, a level not seen since October 2018.

US West Texas Intermediate (WTI) crude futures traded up $1.75, or 2.3 per cent, at $76.91, their highest since November 2014.

Talks collapsed on Monday among ministers from OPEC+, which groups producers from the Organization of the Petroleum Exporting Countries (OPEC) with Russia and

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in