Oil prices rose early on Monday, with the U.S. benchmark hitting a 32-month high and Brent rising above $73 per barrel as the market is growing increasingly bullish on demand while the return of Iranian oil looks more distant than initially thought. As of 10:06 a.m. EDT on Monday, WTI Crude prices were up by 1.
14 percent at $71.72, after touching a 32-month high in earlier trading. Brent Crude was up by 1.06 percent, surpassing the $73 a barrel mark and trading at $73.46. Oil prices continued their move upward this week, after rising last week…U.S. Oil Prices Hit 32-Month High On Rising Global Demand
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