Brent oil highest since 2014

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Brent crude climbed above $80 a barrel to its highest level since November 2014 after OPEC and its allies decided to maintain last June’s resolution.

Brent crude jumps to its highest in four years after the world’s biggest oil producers decided against further increases in production.

According to TASS, the price of Brent oil went up 2.4% versus the previous closure on the London’s ICE to $80.69 per barrel.

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