U.S. oil prices broke through the $70 mark for the first time since 2014, reflecting both increased geopolitical risks and a healthier backdrop as the industry works off what had been a persistent supply glut. Oil prices have risen more than 10% in the past month as President Donald Trump has indicated it is likely the U.S. will withdraw from a 2015 international agreement with Iran that eased sanctions in return for curbs to its nuclear program.

Source: Wall Street Journal May 07, 2018 06:15 UTC