Oil prices extend gains to multi-year highs on tight supply

Brent crude futures rose by 81 cents, or 1 per cent, to $86.34 a barrel, following on from last Friday's 1.1 per cent gain. Earlier on Monday they touched $86.43, the highest price since October 2018. U.S. West Texas Intermediate (WTI) crude futures rose 86 cents, or 1 per cent, to $84.62 a barrel after gaining 1.5 per cent on Friday. They hit their highest since October 2014 at $84.76 earlier on Monday.

from Commodities-Markets-Economic Times
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