Brent oil above $60 level for first time since 2015

Brent oil above $60 level for first time since 2015:

"Brent crude oil hit $60 a barrel on Friday for the first time in more than two years, in the latest sign the market is tightening after a three-year glut. The international oil benchmark hit a high of $60.53 a barrel in afternoon trading in London, taking gains to more than 35 per cent since it slumped to a low for the year of $45 a barrel in June. Oil has been boosted by strong demand as the world’s economy expands at its fastest in years, helped along by prices that remain almost half the level they were in mid-2014."



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