Bloomberg | Oil Reaches $70 a Barrel for First Time in Three Years Bloomberg Oil topped $70 a barrel in London for the first time in three years as production cuts by OPEC and rising demand whittle away a global surplus. Brent crude futures, used in the pricing of more than half the world's oil, rose as much as 1.2 percent to ... Oil reaches multi-year highs despite signs of overheated market Brent tops $70 a barrel as oil rally continues Oil prices are close to levels not seen since the Thanksgiving 2014 bloodbath |