Global oil prices have hit a six-month high after skyrocketing for two consecutive days following the U.S. announcement of the end of waivers on Iranian oil sanctions.
West Texas Intermediate continued closed 1-point-one percent up at 66-dollars-thirty-cents per barel Tuesday.
This is the highest price since October 29th last year.
Brent crude also climbed to hit 74-dollars-70-cents a barrel on Tuesday morning.