Brent crude touches $80 a barrel with forecast for it to move higher on shrinking inventories
International benchmark Brent crude hit a high of $80.50 a barrel today before closing at $79.41, up 0.16%. U.S. benchmark West Texas Intermediate rose 0.1% to $71.56 a barrel. Today is the first time that Brent has closed above $80 a barrel since late 2014. The driver here is falling global and U.S. inventories.