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Three oil and gas rigs owned by Transocean Ltd sit idle in the Grand Harbor in Valletta, Malta October 22, 2015.

Oil spikes above $70, its highest since September, amid mounting Middle East tensions

Since the conflict in the Middle East started, Brent crude has gained $4, Hussein Sayed, chief market strategist at FXTM wrote in a note early Monday.

Oil set for strongest quarter in a decade on OPEC-led cuts and trade talk optimism

Bullishness on a trade deal between the US and China, and supply cuts resulting from US sanctions on Iran and Venezuela have sent prices higher.
The flow of crude oil is seen in a container while an oilfield worker works on a drilling rig at an oil well operated by Venezuela's state oil company PDVSA

Oil hits its best level in more than 3 years

West Texas Intermediate spiked Friday to its highest level since December 2014.

Oil cracks $60 after OPEC report says 2018 will be a year of higher demand

The price of Brent Crude Oil and West Texas Intermediate jumped above $60 on Monday on news that Opec expects higher demand in 2018.