Commodities Oil touches seven-week highs after signs of tighter supply Updated : August 28, 2018 06:00 PM IST Brent crude oil futures were up 47 cents at $76.68 a barrel by 1211 GMT, near their highest since July 11, while US crude futures were up 3 cents at $68.90 a barrel. OPEC and its partners agreed in late 2016 to cut output from 2017 by around 1.8 million barrels per day (bpd) versus October 2016 levels. 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.