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Oil hits multi-year high on tight supply, Iran sanctions - Reuters
Reuters | Oil hits multi-year high on tight supply, Iran sanctions Reuters Brent crude oil LCOc1 reached $79.22 a barrel, up 99 cents and its highest since November 2014. By 1100 GMT, Brent was up 90 cents at $79.13. U.S. light crude was 60 cents higher at $71.56 a barrel, also close to its highest since November 2014. The Oil And Gas Situation: Four Big Factors Influence US Oil Markets Investors see big oil surge, but physical markets suggest caution Oil Steady Near $71 as Sanctions and Protests Stoke Mideast Risk |
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