Brent rises to highest since March after OPEC+ output cut deal

Shares Global benchmark Brent crude prices rose 1 percent to their highest since early March on Thursday on renewed hopes for a US stimulus deal and after major oil producers agreed to increase output by a modest 500,000 barrels per day (bpd) from January. The increase means the Organization of the Petroleum Exporting Countries (OPEC) and Russia, a group known as OPEC+, would move to cutting production by 7.2 million bpd, or 7...