US Oil Prices Soar To 6-Year High In OPEC Standoff

The U.S. benchmark oil price WTI Crude hit its highest level since November 2014 early on Tuesday, after OPEC+ on Monday called off its third attempt to reach an agreement over oil policy management for the coming months. In Asian trade earlier in the day, WTI Crude touched $76.50 a barrel, narrowing the WTI/Brent Crude spread significantly.     After intense talks late last week and attempts at mediation during the weekend, the standoff between the United Arab Emirates (UAE) and Saudi Arabia over the Emirati baseline production…