Oil at highest price in 3 years - Portuguese to English Translation

Portuguese to English Translation - Business and Economics

Manchete Original: Por que o preço do petróleo voltou ao valor mais alto em 3 anos

Title: Why the price of oil is the highest in 3 years

A barrel of oil hit $75 (R$261) this week, the highest price in almost three and a half years. 


Recent highs come amid increasing concern in the markets for the eventual return of economic sanctions. 


The price of $75 confirms a rising trend, according to different analyses. 

The renewal period for the nuclear agreement between Iran and the Six Powers is slated for May 12, and if Washington withdraws from the agreement, restrictions on oil could spur prices to climb further.

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