Brent Crude’s Relentless Rally Puts $70 a Barrel in Sight

Brent crude’s relentless rally has put $70 a barrel on the radar for the first time since 2014. Monthly average prices for the global benchmark increased every month since July, the longest such advance in almost seven years. The positive momentum, extreme bullish speculation, and recent pipeline halts in North America and the North Sea have all helped Brent’s strong start to 2018.

Sources and photo-credits: Bloomberg