CNBC | Why Oil Prices Just Rallied To $70 | OilPrice.com OilPrice.com Brent crude broke the $70 mark this morning as a bout of bullish news triggered a buying spree. Brent crude prices jump to the highest since 2014 on rising Middle East tensions Oil surges more than 3 per cent as trade war fears recede Brent crude oil logs highest settlement since late 2014 |