Reuters | Oil steady near multi-year highs as US drilling rises Reuters Both oil futures contracts hit their highest since November 2014 last week at $78 and $71.89 a barrel respectively as markets anticipated a sharp fall in Iranian crude supply once U.S. sanctions bite later this year. It is unclear how hard U.S ... OPEC report shows global oil glut virtually eliminated Oil gains on OPEC report as US crude discount to Brent deepens Crude Oil Price Forecast: $100 per barrel by 2019 |