Oil posts biggest quarterly rise since 2009 on OPEC cuts, sanctions

Oil posts biggest quarterly rise since 2009 on OPEC cuts, sanctionsThe May Brent crude oil futures contract, which expired Friday, gained 57 cents, or 0.8 percent, to settle at $68.39 a barrel, marking a first-quarter gain of 27 percent. U.S. West Texas Intermediate (WTI) futures rose 84 cents, or 1.42 percent, to $60.14 a barrel, and posted a rise of 32 percent in the January-March period. GRAPHIC: Crude futures quarterly performance - https://tmsnrt.rs/2HSqli7 U.S. sanctions on Iran and Venezuela have boosted prices this year.




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