This is immediately attributable to the fact that Turkey's troops have crossed into Iraq's Kurdistan. Kurdistan is oil-rich.
More than that it has high oil potential reserves. Are they after Iraq's Kurd-dominated Mossul, Kirkuk oilfields ?
Factor in also the Iranian unrest.
Escalating demand expectation from India after launch of world's cheapest car.
Venezuela - Russian agreement.
And, as I said earlier.....realization sinking in that the Earth is running out of oil that can be extracted profitably.
My global friends might start buying oil even at this price -)