Oil prices are backing away from 2.5 year highs but the market remains tight. U.S. West Texas Intermediate crude futures are down 24 cents today, to 59-73 a barrel. WTI had passed $60 a barrel yesterday for the first time since June of 2015. International benchmark Brent crude is down 31 cents a barrel, to 66-71.
Yesterday, Brent broke $67 a barrel for the first time since May of 2015.
Photo: AOL