Brent hits 4-month high

Chennai: Brent crude prices on Thursday hit the highest level since November due to production fall in Venezuela, supply cut by OPEC and dip in US oil inventories.

Brent prices touched $67.84 a barrel on Thursday and were seen trading at $67.78 later in the session. US West Texas Intermediate (WTI) crude futures were at $58.42 per barrel, close to the November-2018 high of $58.48 per barrel reached on Wednesday.