Brent Crude and WTI Crude prices hit a five-month high this week amid signs of tightening market and clashes in wildcard OPEC producer Libya. Brent Crude topped $71 and WTI Crude rose above $64 a barrel in the middle of this week as supply reductions outweighed fears of slowing economic growth. Following the crash in Q4 2018, oil prices have already increased by more than 30 percent so far this year. But there is still room for oil to run and Brent could go as high as $80 a barrel this summer, due to geopolitical issues, OPEC and allies’ cuts, resilient demand, and not-so-crowded hedge fund longs suggesting that ... (full story)