油價

Oil price jump quickens sell-off in international debt markets

Oil jumped to its highest level this year, nearing $70 a barrel and accelerating a sell-off in global debt markets.

It is now at its highest since Opec’s historic decision in November to let prices fall in a bid to claw back market share by squeezing higher-cost producers.

Crude advanced after US oil inventories posted a weekly fall for the first time in four months and production from conflict-hit Libya suffered further falls.

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