Oil Prices Soar To 10-Month High

Crude oil is trading at levels not seen since last November, with Brent crude prices reaching $92 per barrel on Tuesday. Brent crude was trading at $92.30 (+1.83%) on Tuesday at 01:25 pm ET. The last time oil traded that high was in late November 2022. WTI crude—the U.S. benchmark—was trading at $89.26 at that time, trading up 2.26% on the day. The price increases come as OPEC+ heavyweights Saudi Arabia and Russia extended their voluntary production cuts in an effort to balance the markets—and to make good on Mohammed bin Salman’s…