CBC.ca | Oil price hits $70 a barrel for first time since 2014 CBC.ca After troughing in the low $40s last summer, oil has marched steadily higher in recent months. The latest catalyst is escalating tensions in Iran, as U.S. President Donald Trump is threatening to walk away from a deal his predecessor signed with the ... Hedge Funds Curb Bets on Oil Rally Just Before Price Nears $70 Oil hits highest since November 2014 as Iran tensions mount Oil back at 3-year highs on Venezuela output worries, Iran sanctions uncertainty |