U.S. West Texas Intermediate crude oil is trading at a multi-year high late Friday, putting the market in a position to post its third consecutive weekly gain. The catalysts driving the market higher are expectations of stronger worldwide demand, rapidly rising vaccination rates and the reopening of major economies. At 18:13 GMT, July WTI crude oil is at $71.18, up $0.89 or +1.27%. Rollover to the August futures contract on Monday. In other news, U.S. investment bank Goldman Sachs said it expects Brent crude prices to reach $80 per barrel this summer as vaccine rollouts boost global economic activity. Finally, in an ... (full story)