Bloomberg | Oil Rises From 3-Year High After Best Start to Year Since 2012 Bloomberg Oil has risen for two years running as the Organization of Petroleum Exporting Countries and Russia led a coalition of oil producers in cutting output. Prices have also been boosted by stoppages at pipelines in the U.K. and Libya. However, they are now ... Oil prices hit fresh highs as market tightens Oil is having a great year with 'fundamental backdrop' strongest in recent memory US crude surges more than 2%, settling at $61.63, its best closing price since December 2014 |