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Oil prices reach highest level in over 2 years as demand rebounds

WTI crude oil reached $71.62 a barrel

By Jonathan Garber


Oil prices climbed to their highest level in more than two years Monday amid more evidence of increasing demand as the global economy reopens from COVID-19 lockdowns.

West Texas Intermediate crude oil, the U.S. benchmark, climbed 71 cents to $71.62 a barrel, the highest since October 2018. Brent crude, the international standard, was up 67 cents at $73.36 a barrel, the highest since April 2019.

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