Signs of a global market for crude oil moving closer to erasing the surplus on the five-year average for stockpiles put oil prices back near $70 on Tuesday. The price for Brent crude oil, the global benchmark, already closed above $70 per barrel once this year, a four-year high that followed a 4 percent spike in the price for oil over a few opening sessions. Prices pulled back somewhat on profit-taking and moderate easing in geopolitical tensions, but renewed economic momentum is driving another rally. On Monday, the International Monetary Fund said global economic momentum has been on an upward swing since at least 2016 and is showing signs of its broadest streak in nearly two decades. For the […]