Oil Prices Soar Beyond $90 per Barrel, Reaching New Heights

Oil Prices Soar Beyond $90 per Barrel, Reaching New Heights

Oil Prices Unexpectedly Surge Past $90 Per Barrel, Sparking Concerns and Supply. The global oil market is currently witnessing a significant surge in prices, with several key factors contributing to this upward trajectory, driving oil to surpass $90 per barrel.

Brent crude futures saw an increase of 94 cents, equivalent to a 1% rise, reaching $93.32 per barrel as of Friday morning. Meanwhile, U.S. West Texas Intermediate crude reached $90.78 per barrel, marking a $1.41 gain, or a 1.6% increase.

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