Brent oil price tops $71 a barrel for the first time since 2014

Brent oil price rose to $71 a barrel early on Thursday 25th January 2018, a level not seen since late 2014.

According to Reuters, the prices were boosted by the weak dollar and falling crude oil inventories in the United States.

Of course, prices have also been supported by the recent decision by OPEC and Russia-led non-OPEC nations to extend production cuts for another year.

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