Reuters | Oil dips but remains close to late-2014 highs on supply cuts, strong demand Reuters Oil prices have been buoyed by a gradually tightening market. Led by top exporter Saudi Arabia, the Organization of the Petroleum Exporting Countries (OPEC), has been withholding production since 2017 to draw down a global supply overhang that had ... Oil price hits three-year high of $74 a barrel Oil climbs towards $75 a barrel to reach highest point since 2014 US oil closes 0.3% lower, falls from more than 3-year high |