The spike of nearly 30% is attributed to tight demand recorded from July through September The world’s oil prices saw a massive quarter-on-quarter surge by nearly 30% in the July-to-September period this year, as supply is restricted due to production cuts agreed by OPEC and its allies, led by Russia. Brent crude for November delivery dropped nearly 0.1%, at $95.31 per barrel on Friday, but was up 2.2% for the week, 9.7% higher for the month and gained 27.3% for the quarter. Meanwhile, November WTI crude fell a percentage point to settle at $90.79 per barrel, having scored a weekly gain of 0.8%, monthly advance of
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