You have to hand it to Saudi Arabia. After struggling in global oil markets from 2015 to early 2017, the Kingdom can arguably be called “the comeback kid.” However, the question also has to be asked: Can it last? On Thursday, global oil prices reached highs not seen since late 2014 – good news for oil producers. Brent crude futures broke through the $74 mark and showed little signs of slowing. Early Thursday, U.S.-traded West Intermediate Crude (WTI) futures increased 62 cents, 0.9 percent, to $69.09 per barrel, reaching highs not seen since 2014. This increase comes as geopolitical pressure builds, perhaps having a larger impact on prices than even supply and demand fundamentals are. OPEC and its partners will be meeting in Jeddah on Friday, and again on June 22 to discuss the oil production policy of keeping output restrained in order to continue to drain global inventories […]