Oil prices close at highest level in nearly two years

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Bloomberg
Bloomberg

Oil prices closed on Friday at their highest levels in nearly two years, after producers agreed to increase supply from April by a smaller amount than expected.

A barrel of North Sea Brent Crude for delivery in May rose 3.9 percent in London to $69.36, its highest closing price since April 2019.

In New York, the barrel price of West Texas Intermediate for April delivery climbed 3.5 percent to $66.09, its highest closing level in 22 months.

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