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Oil & Gas News, April 2018

Oil prices hit their highest level since 2014, moving above $74 a barrel and lifting energy companies to the top of global stock indices.

 

Production cuts by Opec and Russia over the past 16 months have helped crude prices rally, with the latest increase spurred by rising risks to supplies, from Venezuela’s economic crisis to the threat of new US sanctions on Iran.

 

Brent crude has gained almost 8% this year.