![Oil hits USD 74 barrel high in three years](https://cdn.energydais.com/media/images/news/740500486_4486aa3926_b.jpg)
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Hitting levels not witnessed since 2014, brent crude broke through $74 a barrel on Thursday in early trading. As suggested by a Reuters report that Saudi Arabia and Russia, a key driver in a 24 oil producing economies consortium that has recovered its daily output by 1.8mn barrels/day in the last fifteen months, wants to see oil prices returning to $100/barrel.