
Oil surges $2 after OPEC+ extends output cuts
Reuters LONDON – Oil prices jumped more than 3% on Friday, hitting their highest levels in over a year after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand. Brent crude futures were up $2.23, or 3.3%, at $68.97 a barrel by 1441 GMT – a nearly 14-month high.

