WTI crude oil has been flirting with $80 for the past two weeks and a selloff earlier this week suggested it might not get there. But tighter US inventory numbers this week finally did the trick and oil has broken out to the highest levels since early November.WTI crude is up $1.64 to $81.35 today in the second day of big gains. It's the highest since OPEC extended production curbs in November. Those curbs were reaffirmed last week and will last at least through June.Stronger global growth is also a tailwind for oil with the EIA revising its US demand forecasts slightly higher this week. That could ultimately be a doubled-edged sword if the economy stumbles but for now the market is optimist
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