Brent increases above $ 63 for the first time this year
2015-04-16T08:49:07+00:00
Analysts said that it was likely that prices continue to increase in spite of an oversupply in the market.
By 0435 GMT, the price of Brent futures contract became closest to $ 63.10 a barrel after recording higher level earlier of more than $ 63.32.
The US crude futures settled at $ 56.39 a barrel after it recorded its highest level this year at $ 56.69
