Oil prices on Tuesday jumped nearly 3% to the highest since November after OPEC+ heavyweights Saudi Arabia and Russia announced an extension of their respective production cuts. Brent crude futures for October delivery climbed 2.2% to $91.08 a barrel, while front-month Nymex crude oil futures for October rose 2.7% to $88.02 a barrel, before giving up some of those gains later on Wednesday. At 11:06 a.m. ET on Wednesday, Brent was trading at $89.47, down 0.63% on the day, while WTI was trading at $86.28, down 0.47%. Crude prices…
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