U.S. oil, West Texas Intermediate (WTI) crude futures climbed 0.4%, to trade $70.35 a barrel, after reaching $70.62, the highest since October 2018.
The U.S oil, popularly known as the West Texas Intermediate, hit $70 a barrel in the Asian session, for the first time since October 2018.
The crash in oil prices would be felt by countries and oil companies that heavily rely on oil for the lion share of their income.
