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

Summary

Crude oil prices jumped above $90 per barrel today, driven by renewed supply concerns and extended production cuts from OPEC+ countries. Brent crude rose 2.5% to $91.20, its highes

Crude oil prices jumped above $90 per barrel today, driven by renewed supply concerns and extended production cuts from OPEC+ countries. Brent crude rose 2.5% to $91.20, its highest level since November 2025, according to Bloomberg data. Analysts attribute the surge to geopolitical tensions in the Middle East and lower-than-expected US crude inventories reported by the Energy Information Administration. The price increase is impacting global commodity markets, pushing gasoline futures higher and raising inflation worries. Market experts warn of continued volatility as demand recovers in Asia and Europe, Reuters reported.
1d ago
Oil Prices Surge Past $90 Amid Supply Concerns and OPEC+ Cuts

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