Brent oil exceeds $64 for first time since November

Brent oil exceeds $64 for first time since November

International Brent crude oil futures were up 0.66% at $64.03 per barrel for the first time since November 21, 2018.

WTI crude futures for March delivery were at $54.21 per barrel, up 0.58%, from their last settlement, RIA Novosti reported.

According to the Oil Market Report released by the International Energy Agency (IEA), global oil supply fell by 1.4 million barrels a day to 99.7 million barrels in January with Saudi Arabia, the United Arab Emirates and Kuwait cutting by more than promised and U.S. sanctions on Venezuela oil supplies.

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