Crude Oil prices hit its highest since May 2015 on Thursday over worries about supply threat due to strife in Iran and a further decline in U.S. inventories as refining activity hit a 12-year high. Cold weather in the United States has driven interim demand, especially for heating oil. Heating oil futures were down 0.8 percent to $2.0712 a gallon; the contract hit highs not seen since February 2014 earlier in the week.
According to the Energy Information Administration on Thursday - U.S. crude stocks fell by 7.4 million barrels in the last week of 2017, exceeding expectations, as refiners boosted activity to their highest rate since 2005.
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