Financial Post | Oil is having a great year with 'fundamental backdrop' strongest in recent memory Financial Post Oil stored in U.S. tanks and terminals probably dropped for a seventh straight week, according to a survey of analysts. Prices also have been buoyed by almost a week of violent protests in Iran that the nation's Revolutionary Guard Corps on Wednesday ... US crude surges more than 2%, settling at $61.63, its best closing price since December 2014 Oil hits highest in 2-1/2 years on Iran tensions, economic data Oil Rises As API Reports Major Draw In Crude Inventories |