You are here: Home » Markets » Commodities » Energy
Business Standard

Oil prices open at $67 per barrel; highest since 2014

Even without the unrest in Iran, which is a major oil exporter, market sentiment was bullish

Reuters  |  Singapore 

Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. US West Texas Intermediate (WTI) crude futures were at $60.61 a barrel at 0423 GMT, up 19 cents, or 0.3 per cent, after hitting $60.73 earlier in the day, the highest since June 2015. Brent crude futures, the international benchmark, were at $67.12 a barrel, up 25 cents, or 0.4 pe rcent, after hitting a May 2015 high of $67.27 a barrel earlier in the day. It was the first time ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, January 02 2018. 11:46 IST