Brent oil price hits highest level in a year

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London (AFP)

Brent North Sea crude rose to $53.45 a barrel on Monday -- its highest price in a year after President Vladimir Putin indicated Russia was ready to join measures to limit global oil production.

At around 1453 GMT, the price hit $53.45 -- a $1.53 increase from Monday. It was the highest level reached since October 2015, when it was at $54.05 a barrel.