Reuters | Oil prices hit highest since 2014, but analysts warn of overheated market Reuters In an effort to prop up prices, the Organization of the Petroleum Exporting Countries (OPEC) together with Russia and a group of other producers last November extended an output cut deal that was due to expire in March this year to cover all of 2018 ... Can Oil Break The $70 Threshold? US crude surges 2% to more than 3-year high, settling at $62.96, as the market tightens Oil Prices Rise to Three-Year High |