Oil Hits Highest Since Late 2014 On U.S. Crude Inventory Drop, Weaker Dollar

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken.
Brent crude futures, the international benchmark for oil prices, opened at $70.95 a barrel on Thursday, their highest level since early December, 2014. They had edged down to $70.86, which was still up 33 cents, or 0.5 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures climbed to $66.22 per barrel in early trading, also the highest level since early December, 2014. They had dipped back to $66.07, still up 46 cents, or 0.7 percent, from their last settlement. Both crude benchmarks are up by almost 60 percent since the middle of last year. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774