Crude oil prices on futures markets in New York and London closed February on 3-month highs with the light, sweet crude oil contract for April settling above $57/bbl on Feb. 28 while the Brent April contract settled above $66/bbl. Analysts agreed crude prices are being supported by 2019 production cuts as promised in December 2018 from the Organization of Petroleum Exporting Countries and some other major producers, including Russia.

Source: News