Oil briefly hit $80 for the first time since 2014
|05/17/2018||Posted by BusinessMediaguide.Com under General World News||
- The price of Brent crude oil — the international benchmark — hit $80 per barrel for the first time since late 2014 on Thursday morning as the commodity’s rapid price growth in 2018 continues unabated.
- Around 10.45 a.m. BST (5.45 a.m. ET) on Thursday Brent reached a daily high of $80.12 per barrel, marking the first time since November 2014 it has passed above that mark. By 11.oo a.m. BST (6.00 a.m. ET), oil is back below $80 to trade at $79.84, a gain of 0.71% on the day.
- West Texas Intermediate oil is trading at $72.13, a 0.82% gain.
- Oil’s gains read more >>>