Oil prices surged to multi-year highs on Tuesday including US crude hitting its highest since 2014 after OPEC+ producers fell out over plans to raise supply in the face of rising global demand. Brent crude climbed 62 cents, or 0.8%, to $77.78 a barrel by 0748 GMT, a level not seen since October 2018.
US West Texas Intermediate (WTI) crude futures traded up $1.75, or 2.3%, at $76.91, the highest since November 2014.
