Oil prices jump after OPEC forecasts increasing demand

The price of #oil hit its highest level in more than two years after the oil-producing cartel #OPEC and its allies agreed to continue increasing supply in the coming months. The organisation is expecting demand for oil to rise as economies lift #Covid-19 restrictions. Also today, #EuropeanUnion countries and MEPs agree a deal to impose #newtax reporting rules on big multinational companies. The firms will need to declare their profits earned and tax paid in each EU country.