Oil Prices Fluctuate Amidst Market Uncertainty.
TL;DR Summary
Oil prices have returned to recent highs after OPEC+ announced a further production cut of 1.6 million barrels per day. Brent was trading at over $86 per barrel, with WTI trading at nearly $81. The price of WTI has climbed by more than 2% on the day to $81.37, with Brent climbing 1.50% to $85.44. Fears of tighter supply due to China's slower-than-expected recovery and OPEC+ supply decreases are behind the price moves. Meanwhile, U.S. gasoline prices continue to tick upward, with the national average at $3.608 per gallon.
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