Home News Brent oil hits $80 for first time since late 2014

Brent oil hits $80 for first time since late 2014

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Benchmark oil contract Brent North Sea hit $80 a barrel Thursday for the first time since late 2014, extending a recent run higher fuelled by tight supply concerns.
Shortly before 1000 GMT, Brent North Sea crude for delivery in July jumped to $80.18 a barrel — the highest level since November 2014.
Around 1010 GMT, it pulled back to $79.79, still 51 cents higher than Wednesday.

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