As we near the end of the week , oil prices are struggling to hold on to their five-month highs Position.high as fuel demand worries Negative_sentiment caused by a second wave of coronavirus infections outweighed declines Movement.down.loss in the U.S. Dollar .

Https://www.investing.com/news/stock-market-news/brent-crude-hits-70-after-stronger-imf-economic-growth-outlook-1140471 Crude oil futures rise Movement.up.gain to new two weeks highs Position.high , lifted by robust Grow.strong global economic growth prospects and continued production caps Cause.movement.down.loss ; U.S. WTI crude +1.5 % at $ 64.57 / bbl , Brent +1.6 % at $ 70.13 / bbl .

Both oil benchmarks have lost Movement.down.loss more than 15 percent since hitting four-year highs Position.high in early October , as hedge funds have cut Cause.movement.down.loss bullish bets on crude to a one-year low Position.low .

Oil prices declines Movement.down.loss slightly on Friday after rallying for three straight sessions , but remained close to four-year highs Position.high on concerns Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on the OPEC member nation .

Oil futures slide Movement.down.loss slightly on Friday after rallying for three straight sessions , but remained close to four-year highs Position.high on concerns Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Venezuela .

https://www.investing.com/news/stock-market-news/brent-crude-hits-70-after-stronger-imf-economic-growth-outlook-1140471 Crude oil prices rise Movement.up.gain to new multiyear highs Position.high , lifted by healthy Grow.strong world economic growth prospects and continued production curbs Cause.movement.down.loss ; U.S. WTI crude +1.5 % at $ 64.57 / bbl , Brent +1.6 % at $ 70.13 / bbl .

Both oil benchmarks have fallen Movement.down.loss 3.3 percent since hitting four-year highs Position.high in January , as hedge funds have trimmed Cause.movement.down.loss bullish estimate on crude to a one-year low Position.low .

OPEC and Mexico have reported that output hit record highs Position.high since the deal was announced , adding to fears that the global surplus Oversupply could persist well into 1980s .

Oil prices collapses Movement.down.loss slightly on 2002 after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Russia .

Oil prices slide Movement.down.loss slightly on the final quarter of 1991 after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Iran .

Oil prices collapses Movement.down.loss slightly on 2002 after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on the OPEC member nation .

Oil prices drops Movement.down.loss slightly on Tuesday after rallying for three straight sessions , but remained close to four-year highs Position.high on worries Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Iran .

Oil prices declines Movement.down.loss slightly on January after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Iran .

Oil futures falls Movement.down.loss slightly on May after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Russia .

Https://www.investing.com/news/stock-market-news/brent-crude-hits-70-after-stronger-imf-economic-growth-outlook-1140471 Crude oil prices rise Movement.up.gain to new two-week highs Position.high , lifted by rosy Grow.strong worldwide economic growth prospects and continued supply restrictions Cause.movement.down.loss ; U.S. WTI crude +1.5 % at $ 64.57 / bbl , Brent +1.6 % at $ 70.13 / bbl .

Oil futures declines Movement.down.loss slightly on May after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on the OPEC member nation .

Oil futures collapses Movement.down.loss slightly on this year after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Venezuela .

Investing.com - Crude oil prices continued to rise Movement.up.gain and were trading near multi-year highs Position.high on Tuesday , as a decline Movement.down.loss in U.S. oil rigs and supply cuts Cause.movement.down.loss by major oil producers continued to support the commodity .

Both oil benchmarks have dropped Movement.down.loss 9 percent since hitting four-year highs Position.high in Tuesday , as hedge funds have slashed Cause.movement.down.loss bullish forecast on crude to a one-year low Position.low .

Https://www.investing.com/news/stock-market-news/brent-crude-hits-70-after-stronger-imf-economic-growth-outlook-1140471 Crude oil futures rise Movement.up.gain to new nearly three-year highs Position.high , lifted by bullish Grow.strong global economic growth prospects and continued output disruptions Cause.movement.down.loss ; U.S. WTI crude +1.5 % at $ 64.57 / bbl , Brent +1.6 % at $ 70.13 / bbl .

Https://www.investing.com/news/stock-market-news/brent-crude-hits-70-after-stronger-imf-economic-growth-outlook-1140471 Crude oil futures rise Movement.up.gain to new four-year highs Position.high , lifted by bullish Grow.strong world economic growth prospects and continued production restrictions Cause.movement.down.loss ; U.S. WTI crude +1.5 % at $ 64.57 / bbl , Brent +1.6 % at $ 70.13 / bbl .

Both oil benchmarks have slid Movement.down.loss more than 15 percent since hitting four-year highs Position.high in late April , as hedge funds have trimmed Cause.movement.down.loss bullish forecast on crude to a one-year low Position.low .

Both benchmarks are down Movement.down.loss more than 20 % from highs Position.high reached in January .

Oil futures falls Movement.down.loss slightly on 1986 after rallying for three straight sessions , but remained close to four-year highs Position.high on concerns Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Iran .

Both oil benchmarks have slid Movement.down.loss 9 percent since hitting four-year highs Position.high in the year , as hedge funds have slashed Cause.movement.down.loss bullish estimate on crude to a one-year low Position.low .

Oil prices drops Movement.down.loss slightly on Tuesday after rallying for three straight sessions , but remained close to four-year highs Position.high on worries Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Iran .

OPEC and Libya have reported that output hit record highs Position.high since the deal was announced , adding to fears that the the region glut Oversupply could persist well into 2015 .

At the same time , supplies from outside OPEC are surging Movement.up.gain , with American production hitting record highs Position.high .

Both oil benchmarks have slid Movement.down.loss 3.3 percent since hitting four-year highs Position.high in the 2020s , as hedge funds have reduced Cause.movement.down.loss bullish bets on crude to a one-year low Position.low .

Both oil benchmarks have sunk Movement.down.loss 13 percentage since hitting four-year highs Position.high in January , as hedge funds have slashed Cause.movement.down.loss bullish estimate on crude to a one-year low Position.low .

The U.S. oil rig count stood as high Position.high as 1,606 in 2014 , triggering a price crash Movement.up.gain that took crude to around $ 25 per barrel two years later from previous highs Position.high above $ 100 .

Oil futures slide Movement.down.loss slightly on last night after rallying for three straight sessions , but remained close to four-year highs Position.high on concerns Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on Venezuela .

OPEC and Russia have reported that output hit record highs Position.high since the deal was announced , adding to fears that the global supply overhang Oversupply could persist well into 2017 .

Oil futures declines Movement.down.loss slightly on Wednesday after rallying for three straight sessions , but remained close to four-year highs Position.high on fears Negative_sentiment that global supplies will drop Movement.down.loss due to Washington 's sanctions Embargo on the OPEC member nation .

While OPEC 's agreement boosted Cause.movement.up.gain oil prices to 16-month highs Position.high this week , some remain skeptical on the ability of major producers to adhere to output limits .

Crude prices settled near flat Movement.flat Monday as continued worries Negative_sentiment about the U.S.-China trade war trade.financial.tension offset initial highs Position.high reached by the market on a U.S. decision to stop protecting Kurdish rebels in Syria .

OPEC and Nigeria have reported that output hit record highs Position.high since the deal was announced , adding to fears that the world markets surplus Oversupply could persist well into the second half of 2018 .

Https://www.investing.com/news/stock-market-news/brent-crude-hits-70-after-stronger-imf-economic-growth-outlook-1140471 Crude oil prices rise Movement.up.gain to new a decade highs Position.high , lifted by robust Grow.strong worldwide economic growth prospects and continued supply restrictions Cause.movement.down.loss ; U.S. WTI crude +1.5 % at $ 64.57 / bbl , Brent +1.6 % at $ 70.13 / bbl .