Bloomberg | Oil Pares Losses as Industry Data Showed Unexpected Crude Draw Bloomberg Oil has gained about 10 percent this month in New York and its global counterpart traded in London reached a two-year high on Monday amid forecasts for rising consumption in the face of output cuts by the Organization of Petroleum Exporting Countries ... Brent oil price ease back from two-year highs Oil prices soar to highest for more than two years after output cuts 'Lower for longer' oil price era almost over, Trafigura says |