Oil clocks best week in nearly 8 months on ‘Bolton premium’:
"Geopolitical risks returned to the oil market with a vengeance this week to help both US and global crude prices deliver their biggest weekly gains in nearly eight months. Brent, the international crude marker, settled up 2.2 per cent at $70.45 a barrel, putting the gauge less than a dollar away from the three-year highs of $71.28 set in late January. The move also takes the benchmark’s five-day advance to 6.4 per cent, making this its best week since July 28."
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