Oil prices jump after OPEC forecasts increasing demand

The price of oil hit its highest level in more than two years after the oil-producing cartel OPEC and its allies agreed to continue increasing supply in the coming months. The organisation is expecting demand for oil to rise as economies lift Covid-19 restrictions. Also today, European Union countries and MEPs agree a deal to impose new tax reporting rules on big multinational companies. The firms will need to declare their profits earned and tax paid in each EU member state.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting