The Guardian | Oil price hits three-year high of nearly $70 a barrel The Guardian Drivers have been warned they face misery at petrol pumps this year after the oil price rose to a three-year high of almost $70 (£52) a barrel. In November, Opec and other major oil producers including Russia agreed to extend production curbs until the ... OPEC Will Try to Talk Prices Down If Oil Tops $70, Goldman Says Motorists warned to expect "pump price misery" as oil heads towards $70 |