Brent crude oil hit $71 a barrel yesterday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in U.S. crude inventories and a weaker U.S. dollar. The WTI crude oil climbed to $66.44, also the highest since early December 2014. “The continuous fall in U.S. oil inventories and the prolonged weakness in the U.S. dollar have done the trick,” said Tamas Varga of broker PVM, referring to oil hitting a new high.

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