Commodities Brent oil prices hit highest since late 2014 on supply cuts, potential sanctions Updated : April 24, 2018 07:07 AM IST Brent crude futures, the international benchmark for oil prices, climbed as high as $75.20 in early trading on Tuesday. Markets have been lifted by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) which were introduced in 2017. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.