It looks like petrol prices will be heading north soon
It looks like petrol prices will be heading north soon
7 May 2018
Oil prices have been climbing partly because of expectations President Donald Trump will abandon the 2015 Iran nuclear deal, which allowed Iran to export more crude.
This is the first time the US crude benchmark has been above $70 since November 2014.
Prices have also been given a lift by strong global demand and supply cuts by OPEC and Russia.
US oil prices have gained more than 16% since the start of the year.
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