29MAR2018 - NEWS - Oil Prices rose on Thursday as OPEC and non OPEC members likely to continue supply cuts this year

On Thursday oil prices increased supported by extension of supply cuts by Organization of the Petroleum Exporting Countries (OPEC) and non OPEC memebers led by Russia. Both West Texas Intermediate (WTI) crude futures and the Brent crude futures were up by around 22 cents on Thursday. OPEC and non members are likely to continue the supply cuts during this year.