Brent oil resumes climb, nears $70 as supply tightens

New York – Brent oil prices rose on Thursday, resuming their climb toward $70 per barrel as expectations of tight global supply outweighed pressure from rising U.S. production and less robust global demand indicators. International benchmark Brent futures rose 34 cents to $69.65 by 11:28 a.m. EDT (1528 GMT). Brent touched $69.96 on Wednesday, the […] More »