- Oil prices jumped to fresh highs on Tuesday morning.
- That’s on the back of a bullish OPEC report and Iran sanctions.
- Follow oil prices in real time here.
Oil prices rose to fresh multi-year highs Tuesday morning after OPEC said it cut supply more than expected and as markets poised for sanctions on Iran.
Brent, the international benchmark, rose as much as 1% at $ 79.47 per barrel around 8:30 a.m. ET. West Texas Intermediate was up 0.86% to $ 71.89 a barrel. Both haven’t hit those levels in more than three years. See the rest of the story at Business Insider
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