Oil rises up to $67 per barrel as traders say price could top $80

By Abdulrahman Abdullahi

Brent Oil jumped towards $67 a barrel on Tuesday with investment banks and traders predicting the market will tighten further and push prices higher.

Futures in New York jumped 1.6% on Tuesday after climbing more than 4% in the previous session.

The market is heading toward what could be the tightest quarter since at least 2000.

Brent oil for April settlement added 1.8% to $66.40 on the ICE Futures

Europe exchange are climbing 3.7% in the previous session.