Oil jumps 2% to near 10-month high as OPEC predicts tight supplies | Reuters
Oil prices jumped about 2% to a near 10-month high on Tuesday on a tighter supply outlook and OPEC optimism over the resilience of energy demand in major economies.
Brent futures rose $1.42 or 1.6%, to settle at $92.06 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.55, or 1.8%, to settle at $88.84.
Both benchmarks remained technically overbought for an eighth straight day, and closed at their highest levels since November 2022.
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