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Oil Prices Surge Above $90 Amid Supply Concerns and OPEC+ Cuts

Summary

Crude oil prices jumped above $90 per barrel on Thursday, driven by renewed supply concerns and ongoing production cuts by OPEC+ nations. Brent crude rose 3.2% to $91.45, marking t

Crude oil prices jumped above $90 per barrel on Thursday, driven by renewed supply concerns and ongoing production cuts by OPEC+ nations. Brent crude rose 3.2% to $91.45, marking the highest level since late 2025, according to Reuters. Analysts attribute the rise to geopolitical tensions in the Middle East and unexpected refinery outages in the US. Global demand forecasts remain strong despite inflation worries, supporting the bullish trend. The surge is expected to impact fuel prices worldwide and complicate inflation control efforts for major economies.
4d agoVerified by Sobiya
Oil Prices Surge Above $90 Amid Supply Concerns and OPEC+ Cuts

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