Crude Surges to $80 as Investors Zero in on Shrinking Surpluses
A crude oil tanker sails through the Persian Gulf towards Kharq Island to transport crude oil to export markets in the Persian Gulf, Iran. (Photographer: Ali Mohammadi/Bloomberg)

Crude Surges to $80 as Investors Zero in on Shrinking Surpluses

(Bloomberg) -- Oil rallied to $80 a barrel in London for the first time since late 2014 amid mounting signs that global stockpiles are shrinking.
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