OIL BRIEF: Brent Rises to $80 for First Time Since 2014

By Christopher Sell

(Bloomberg) —

Oil rose to $80 a barrel in London for the first time since 2014 as U.S. crude inventories fell and traders braced for the impact of renewed sanctions on Iran; Goldman says money managers who are reducing their bullish bets on oil are following a “dangerous” strategy; PDVSA failed to contain Conoco assault.

To contact the reporter on this story:
Christopher Sell in London at csell1@bloomberg.net

To contact the editors responsible for this story:
James Herron at jherron9@bloomberg.net
Rakteem Katakey, Rachel Graham