| Brent crude oil touched $67 a barrel in intraday trade on Monday, its highest in 2015, as dismal Chinese factory activity enhanced expectations the world’s second-largest economy would roll out stimulus measures to arrest a slowdown.
The North Sea crude variety rose 39 cents to $66.85 a barrel by 1046 GMT, having scaled the 2015 peak of $67 earlier in the session. US crude, which had hit its highest this year at $59.90 per barrel on Friday, inched up by 22 cents to $59.37 a barrel. Brent crude oil has surged by over 40% from an almost six-year low of $45.19 in January on expectations of a tighter demand-supply balance and tension in West Asia...............................................Full Article: Source
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