Brent crude oil hits another 11 month high of 77.45 usd

Brent crude oil hit a fresh 11 month high of 77.45 usd, pushed higher by rising equity markets and a weak US dollar, with ongoing concerns over tightening supply still in the background.

‘The large moves in the equity markets have given some strong support to crude oil,’ said CMC Markets trader, Nas Nijjar. ‘The dollar’s fall has also been bullish for crude.’
ABCMoney