Reuters | Oil near late-2014 highs as Saudi backs higher prices, US crude stocks decline Reuters Reuters reported on Wednesday that top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, which was seen as a sign that Riyadh will seek no changes to the supply-cutting deal. “The Saudis and their colleagues in ... OPEC Strategy Bears Fruit As Oil Prices Break Out Oil soars 2.9% to 3-year high, settling at $68.47, as US crude stockpiles drop Oil prices mark highest settlement in about 3 1/2 years |