Reuters | Oil touches 18-month highs before paring gains on strong dollar Reuters Crude prices were buoyed earlier in the day by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut. Brent futures were up 46 cents, or 0.8 percent, at $57.28 a barrel ... Oil prices hit 18-month high as OPEC output deal kicks in 2017 trading starts with a bang; Oil spikes Russia's oil production up from 2015 |