"Oil Prices Surge Above $80 as OPEC+ Decision Looms"

U.S. crude oil prices surged past $80 a barrel for the first time since November, signaling a tightening market ahead of an upcoming OPEC+ decision on production cuts. The West Texas Intermediate contract for April rose nearly 3% to $80.57 a barrel, while May Brent futures added 2.5% to $83.94 a barrel. OPEC+ is considering extending production cuts through the second quarter and possibly the end of the year, with a decision expected in the first week of March.