WTI crude touches a high of $71.75
Both WTI and Brent are up by 0.6% on the day, with both also touching their highest levels since November 2014. Today's jump isn't as stark as what we've seen yesterday but the market is still bullish following the Trump's Iran decision and from a drawdown in inventories.
The backdrop of rising production isn't one that seems to be bothering traders all too much, but it's worth keeping in mind when you look at the macro picture for the commodity.
