Oil jumped to its highest in over two years on Monday as Saudi Arabia’s crown prince cemented his power through a crackdown on corruption, while world shares eased a notch and major currencies traded in tight ranges. Oil prices reached their highest since July 2015 as Mohammed bin Salman’s purge led to arrests of royals, ministers and investors including prominent billionaire investor Alwaleed bin Talal. [O/R] The news stirred concerns of Middle Eastern money pulling out of global financial markets. A weekend call by China’s central bank governor for tougher financial regulation also hit investor sentiment. Brent futures LCOc1 were up 32 cents at $62.39 a barrel, the highest since July 2015. U.S. crude CLc1 added 20 cents to 55.91, both up half a […]