SINGAPORE: Oil prices rose more than $1 to fresh 2015 highs on Wednesday, continuing a month-long rally that has been supported by a weaker dollar and a disruption to crude exports from Libya.
Oil bulls have pushed prices higher this week, after a rally of 20% for Brent and 25% for US crude prices in April, despite indications that the Organization of the Petroleum Exporting Countries (Opec) may keep production unchanged at current high levels at a meeting next month.
Brent crude jumped 78 cents to $68.30 a barrel by 0443 GMT, after earlier hitting a 2015 peak of $68.53. US crude traded $1.08 higher at $61.48 a barrel, near an intraday top of $61.69.
