Brent Crude oil hits two-year high of $98

``Global appetite for oil is growing. The US Department of Energy raised its forecast to 88.02m barrels of oil consumption per a day from 87.78m estimated last month. Speculators may also be targeting the London oil price, betting that the price will go above $100. Global hedge funds have pumped millions of pounds into oil futures pushing the number of contracts held by financial traders to a four-year high. ''