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Oil prices saw further gains this week as tensions in the Middle East escalated, propelling WTI crude to around US$87 a barrel, while the global benchmark, Brent, approached US$91, nearing its highest level since October. Commodities. 7:45.
Sep 5, 2023 · (Bloomberg) -- Brent oil rallied to $90 a barrel for the first time since November as key OPEC+ producers extended supply cuts that have tightened the crude market. Saudi Arabia extended its unilateral production cut by another three months as the kingdom seeks to support a fragile global market.
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