Oil prices stayed near multi-year highs with concerns about tight supply

Oil prices today stayed near multi-year highs with concerns about tight supply and stockpiles fuelling bullish sentiment. The crude prices rose more than one percent to trade above 85 dollars per barrel level.   In intra-day trade, Brent crude was trading around 85 dollars and 50 cents per barrel while WTI crude prices were at 83 dollars and 40 cents per barrel.