Oil Prices on the Rise as OPEC Meets in Jeddah

Oil prices continued to rise on Thursday hitting a new high not seen since 2014 at the time US crude supply decreased, after sources told Reuters that Saudi Arabia looks to push prices higher. Brent crude benchmark touched $74.75 a barrel, its highest since November 27, 2014, the day OPEC decided to pump as much as it could to defend market share which led the prices decrease to just over $27 in 2015. US West Texas Intermediate (WTI) crude futures settled 98 cents higher at $68.45, and the WTI earlier hit $69.56, their highest since November 28, 2014. The Organization of the Petroleum

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