The surge comes amid extended production cuts by Saudi Arabia and Russia Major global oil benchmarks have reached their highest prices since mid-April, after OPEC+ members agreed to prolong output curbs. Brent crude futures have stabilized above $86 a barrel, while US West Texas Intermediate (WTI) crude is trading just below $83 per barrel. Saudi Arabia, the world’s top oil exporter, announced on Thursday that it was extending production cuts for at least another month to support global crude prices. Output for September will be around 9 million barrels per day (bpd), taking into account the kingdom’s voluntary cu
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