Oil hits 2015 highs jump 50% from 2014 Lows

Oil prices rose on Wednesday to hold near 2015 highs, continuing a month-long rally that was supported by a weaker dollar and a disruption to crude exports in Libya.

 

Oil bulls have pushed prices higher this week, after a rally of between 20 percent and 25 percent in April, despite a continued build in US crude stockpiles and indications that the OPEC cartel will keep production at current high levels at a meeting next month.

 

Brent oil hit a 2015 high before settling down with U.S. crude on Monday as Saudi Arabia's plan to halt bombing in Yemen eased tensions

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