Oil Prices Rise After OPEC+ Announcement
With the oil prices rising, inflation is expected to remain higher for longer, adding pressure to consumers world wide.
Oil prices rose after OPEC+ producers announced they are cutting production. The global benchmark of Brent Crude rose 5.31% to $84.13 and the U.S. benchmark of WTI, jumped 5.48% to $79.83. With the oil prices rising, inflation is expected to remain higher for longer, adding pressure to consumers world wide. Saudi Arabia said it would start ‘a voluntary reduction’ in…