Oil posts biggest quarterly rise since 2009 on OPEC cuts, sanctions

The May Brent crude oil futures contract, which expired Friday, gained 57 cents, or 0.8 percent, to settle at $68.39 a barrel, marking a first-quarter gain of 27 percent.U.S. West Texas Intermediate (WTI) futures rose 84 cents, or 1.42 percent, to $60.14 a barrel, and posted a rise of 32 percent in the January-March period.GRAPHIC: Crude futures quarterly performance - https://tmsnrt.rs/2HSqli7U.S. sanctions on Iran and Venezuela have boosted prices this year.