Oil prices have risen to levels not seen since June 2015, as unexpectedly strong global growth has driven demand and helped soak up a supply glut that has plagued the market for years. West Texas Intermediate crude is poised to top $60 a barrel, up more than 36% from a low in June. The milestone would mark a drastic shift in sentiment compared with five months ago, when prices languished in a bear market despite efforts by global producers to limit output. Analysts in October boosted their price forecasts for the first time...

Source: Wall Street Journal November 28, 2017 10:30 UTC