Oil hits $71 for first time since 2014 as U.S. inventories decline

by | January 26, 2018 12:15 am

For the first time since 2014, global oil price hit an unprecedented high of $71 as US inventories also declined amid on-going supply cutbacks by Organisation of the Petroleum Exporting Countries (OPEC) and Non OPEC members led by Russia. Brent crude futures, the international benchmark for oil prices, hit a session high of $71.05 per…

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