Brent crude benchmark hits $60

The Brent crude benchmark has hit $60. As at 16:28 it was sitting at $60.10, up 1.8%. WTI is also up 2.36% at $53.88. Almost all the crude indexes are showing positive climbs today.

By Alan Shields

27/10/2017, 4:29 pm

Oil news — Workers use a bucket to collect a sample of crude oil at a multiple well platform, operated by Rosneft PJSC, in the Samotlor oilfield near Nizhnevartovsk, Russia, on Monday, March 20, 2017. Russia's largest oil field, so far past its prime that it now pumps almost 20 times more water than crude, could be on the verge of gushing profits again for Rosneft PJSC. Photographer: Andrey Rudakov/Bloomberg