September 26/2017
Brent Almost Reaches $60 a Barrel
Brent crude yesterday touched above $59 a barrel, the highest since mid-2015, on the back of improved OPEC compliance with production cuts and healthy demand.
The Kurdistan independence referendum also supported prices due to worries the positive vote could lead to further instability in the Middle East as all of Kurdistan's neighbors have declared their opposition to the nation's independence,
November 25/2015
A Quick Respite for Oil
Following Turkey’s shooting down of a Russian plane yesterday, crude oil prices jumped to their highest in two months, helped up by a decline in gasoline supplies in the US.
Brent crude ended trade up $1.29 to $46.12 a barrel, touching an intraday high of $46.50. West Texas Intermediate gained $1.12 to $42.87 a barrel.