News Snapshot:
Agencies US WTI futures retreated after having reached a six-year high on Tuesday morning. The OPEC+ standoff has been the latest in a string of bullish events that has sent crude prices up by almost 60 percent since the beginning of the year. Brent, the international benchmark under which two thirds of the world’s oil is traded, rose 0.7 per cent to $77.77 a barrel at 11.40am, the highest since October 2018. West Texas Intermediate, the main North American gauge, was up more than 2.32 per cent at $76.90 a barrel, the highest level since November 2014. The failure by...
