Oil Near Late-2014 Highs as KSA Pushes for Higher Prices

published:19/04/2018 07:26 GMT

Oil prices on Thursday remained close to late 2014-highs reached in the previous session as U.S. crude inventories declined and as top exporter Saudi Arabia pushes for prices of US$80 to US$100 per barrel by continuing to withhold supplies. Brent crude oil futures LCOc1 were at US$73.82 per barrel at 0325 GMT, up 34 cents, or 0.5 %, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 28 cents, or 0.4 %, at US$68.75 a barrel. Brent on Wednesday marked its...More