Oil prices have reached their highest level since November 2014, driven higher by a combination of factors. The benchmark Brent Crude Oil Futures stood $78.77 a barrel on Friday afternoon, after topping $80 a barrel earlier in the week. It means Brent Crude Oil Futures have risen by almost half during the past twelve months. But what’s driving up the oil price and can this price rise by sustained?
What’s driving up the oil price?
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This 567 word blog post describes some of the factors threatening supply and increasing demand for oil, and the outlook for the global oil price.
