Brent oil benchmark hits 2-year high, WTI crude highest since 2018

By Shadia Nasralla LONDON (Reuters) -Oil prices continued to rally on Wednesday on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be lifted. Brent crude futures were up 44 cents, or 0.6%, at $72.66 a barrel at 1338 GMT, having earlier touched $72.

83, the highest since May 20, 2019. Brent rose 1% on Tuesday. U.S. West Texas Intermediate (WTI) crude futures climbed 30 cents, or 0.4%, to $70.35 a.....

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