date:Feb 24, 2014
geopolitical concerns in Africa and Venezuela, while US oil touched its highest in four months as stockpiles are forecast to fall on winter demand and new pipeline capacity, wrote Investec oil analysts.
US prices also got a boost from the release of the minutes of the Federal Reserve's end-January policy meeting, which showed the central bank relatively bullish on the economy and a growing minority advocating early policy tightening. On Wednesday, US crude struck the highest level for four mont