Brent crude oil hovered close to its highest since November 2014 on Monday, supported by supply concerns before U.S. sanctions against Iran come into force next month. Benchmark Brent LCOc1 was up 16 cents at $82.89 a barrel by 0852 GMT, after touching $83.32, the highest level in almost four years. U.S. light crude CLc1 was up 4 cents at $73.29. “Saudi Arabia are signaling that they do not have a lot of prompt spare capacity available, or that they don’t have the will to really use it on a proactive basis,” Petromatrix strategist Olivier Jakob said. “There’s nothing right now that gives a strong incentive to be a strong seller of the market,” he said. Investors have indicated they see […]