On Monday, February 14, oil prices hit their highest level in more than seven years, amid concerns about energy supplies.
Brent crude futures reached $95.56 a barrel, an increase of 1.1 % after recording earlier at $96.16; It is the highest level since October 2014. Brent crude prices are now hovering around $95.45 a barrel.
US West Texas Intermediate crude rose 1.4 percent to $94.38 a barrel, hovering near a session high of $94.94, the highest since September 2014.
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