New York Times | US Oil Prices Hit $70 a Barrel for First Time Since '14 New York Times A cutback in world oil output, engineered by some of the biggest producers, has more than doubled prices from their ebb two years ago. Now, a looming decision by President Trump on the Iran nuclear agreement is pushing them even higher. Benchmark ... Oil prices have surged above $70—here are 4 key reasons behind the rally US crude oil above $70 on Venezuela and Iran worries Oil prices give up gains after Trump says he'll announce Iran nuclear deal decision Tuesday |