Oil Reaches 2015 High Due To Iran Tension – 3 January, 2018
Oil prices are at their highest since 2015 due to tension in Iran and OPEC-led cuts and Asia’s 10 year high stock market. West Texas Intermediate were up 49 cents to $62.12 per barrel, up 0.8 percent. Brent Crude settled at $63.13 per barrel, up 0.4 percent and 29 cents. U.S. inventories fell by 5 million barrels to 427.8 million barrels in the week of December 29.