Brent crude oil soared past US$90 a barrel as the largest OPEC+ producers extended their supply cuts risking another inflationary push. Read on.
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In a move that risks a fresh inflationary impetus for the global economy, Saudi Arabia will continue its unilateral production cutback of one million barrels a day until December, according to a statement on the state-run press agency. The move will hold output at about nine million barrels a day — the lowest level in several years — for six months in total.
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