Brent oil touches $70 a barrel as supplies tighten
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NEW YORK (Reuters) - Brent oil prices rose on Thursday, touching $70 a barrel briefly for the first time since November as expectations of tight global supply outweighed pressure from rising U.S. production and less robust global demand indicators.International benchmark Brent futures rose 72 cents a barrel to touch an intraday high of $70.03 before retreating to $69.93 by 2:03 p.m. EDT. Brent was at its highest since Nov. 12, when it last traded above $70.U.S. West Texas Intermediate (WTI)..