Oil Prices Hit 2015 High, Experts Warn To Be Cautious – 8 January, 2017

U.S. Oil prices have once again hit their highest since 2015 with West Texas Intermediate hitting a spike for the day with their highest prices since 2014. WTI crude futures settled at $62.24 per barrel, 0.8 percent and 51 cents since their last close. Brent crude futures was trading at $68.22 per barrel, up 0.65 percent and 44 cents. Some experts believe that the sudden spike may not last and the market may be getting ahead of itself.