BBC News | Brent oil price ease back from two-year highs BBC News The price of oil has fallen back on Tuesday after earlier hitting a two-year high. Rising demand and geopolitical worries had fuelled the increase, along with indications that production cuts by Opec members are starting to bite. Brent rose about 4% to ... Oil nears $60 on Turkey threat to Iraqi Kurdistan exports Oil prices hit 2-year high as Turkey threatens to cut off Iraq's exports Oil rises to 26-month high; Turkey threatens to cut Kurdistan oil pipeline |