TortoiseEcofin Senior Portfolio Manager Rob Thummel in The Irish Independent

High energy prices likely to last into winter as oil hits $85 a barrel

The price of oil in the US rose above $85 (€73) a barrel for the first time since 2014, another landmark in a surge in global energy prices, while a rally in market structure deepened.

Futures in New York rose as much as 2pc on Monday, while global benchmark Brent also advanced.

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