Jul

Supply Crunch Lifts Oil to 3½-Year High

Strikes by oil-and-gas workers in Norway and Gabon compound outages in Libya and Canada

Oil prices climbed toward a 3½ -year high Tuesday, supported by supply issues across several major producing countries.

Light, sweet crude for August delivery rose 0.4% to $74.11 a barrel on the New York Mercantile Exchange, near its highest close since November 2014. Brent, the global benchmark, rose 1% to $78.86…

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Supply Crunch Lifts Oil to 3½-Year High

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