United States oil prices rose above $70 a barrel on Monday for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supply.

According to the News Agency of Nigeria (NAN), Brent crude oil futures were at $75.59 per barrel at 0546 GMT, up 72 cents, or 1 percent, from their last close after climbing to $75.89 a barrel earlier in the session, their highest since November 2014.


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