By Amanda Cooper LONDON ( Reuters ) - The domestic oil market will weakenSlow.weakthis year to absorb plentifulGrow.strongcrude output from Organization of Petroleum Exporting Countries ( OPEC ) countries , even with other major producers 's processing restrictionsCause.movement.down.lossand Venezuela sanctionsEmbargoon Venezuela and Venezuela , the International Energy Agency said in a report on Wednesday .
Https://www.investing.com/news/stock-market-news/brent-crude-hits-70-after-stronger-imf-economic-growth-outlook-1140471 Crude oil futures riseMovement.up.gainto new four-year highsPosition.high, lifted by bullishGrow.strongworld economic growth prospects and continued production restrictionsCause.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 prices riseMovement.up.gainto new a decade highsPosition.high, lifted by robustGrow.strongworldwide economic growth prospects and continued supply restrictionsCause.movement.down.loss; U.S. WTI crude +1.5 % at $ 64.57 / bbl , Brent +1.6 % at $ 70.13 / bbl .