18MAY2018 - NEWS - For the first time since 3.5 years, brent crude prices hits $80 per barrel mark on Thursday

On Thursday oil prices rose due to sanctions on Iran by Us. For the first time since last 3.5 years the Brent crude price touched $80 per barrel mark. On London's ICE Futures exchange brent crude settled around two cents highes to a level $79.30 per barrel. Brent Crude is one of the classifications of the crude oil that serves as the benchmark for oil pricing globally.