24APR2018 - NEWS - Oil prices crossed $75 mark on Tuesday supported by OPEC led supply cut

On Tuesday oil prices rose by around 30 cents due to OPEC and Non OPEC memebers led supply cuts. Both West Texas Intermediate (WTI) crude futures and Brent crude futures were around 30 cents up from their previous settlement values. Brent crude crossed $75 per barrel mark in early trading session on Tuesday. Brent crude is one of the classifications of the crude oil that serves as benchmark for oil pricing globally.