Brent oil soared Monday close to $81, reaching the highest level since November 2014 after OPEC and other global producers snubbed pressure from US President Donald Trump to dampen prices. Oil leapt after the world’s top producers decided to maintain output during a meeting in Algeria at the weekend. A committee comprised of the Organization of the Petroleum Exporting Countries (OPEC) cartel and non-OPEC producers said it was satisfied with the current market outlook, which represented “an overall healthy balance between supply and demand”.
