U.S. crude prices rose more than 30% in the first quarter as producers curbed output.
U.S. oil is off to the best start to a year since 2002 amid efforts by major exporters to curb supply and by central banks to ease global-growth fears.
Oil prices rose 32% in the first quarter, bouncing back after hitting their lowest level in 18 months on Christmas Eve. U.S. crude futures finished the quarter at $60.14 a barrel, their highest level since early November. Brent crude, the global benchmark, rebounded 27% to $68.39 during the period.
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