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Around 10.45 a.m. BST (5.45 a.m. ET) on Thursday Brent reached a daily high of $80.12 per barrel, marking the first time since November 2014 it has passed above that mark.
JAKARTA - Brent oil price...
Oil prices are rising after projected demand for the commodity rise, and supply shrinks.
The rally came after US crude production dropped by 100,000 barrels per day to 9.3 million last week. That represents the steepest weekly fall since July 2016.
Brent is below $45 a barrel for the first time this year on Thursday, as fears of oversupply continue.