Brent crude oil exceeds 70 dollar mark

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The price of a Brent crude oil has exceeded the 70-dollar mark, trading up by almost 3% after a slightly unsteady start to the week.

The weaker dollar, followed by geo-political tensions are some of the factors boosting oil prices.

Other issues helping to lift oil prices are Chinese President Xi Jinping‘s promise to cut import tariffs for certain sectors and the creation of a favourable environment for foreign investment and global trade