WTI oil price hits 2014 peak after OPEC+ talks fail

Agence France-Presse

Posted at Jul 06 2021 07:21 PM

WTI oil price hits 2014 peak after OPEC+ talks fail 1
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. Drone Base, Reuters/File Photo

LONDON - New York oil struck a 2014 pinnacle near $77 per barrel Tuesday after OPEC+ crude producers failed to agree on lifting output despite soaring demand.

Just before 0900 GMT, US benchmark West Texas Intermediate (WTI) crude for August delivery hit $76.98, a level last seen in November 2014.

More details to follow.

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