Oil Reaches $85 for the First Time Since October U.S. crude futures reached $85 for the first time since October, driven by a mix of OPEC+ production cuts, sustained strong demand, and rising geopolitical tensions. The surge saw West Texas Intermediate (WTI) futures climb by up to 1.8% in New York, with the global Brent benchmark closely approaching $89 a barrel. This price jump is attributed to the effective market tightening by OPEC and its allies, alongside enduring high global consumption levels. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Commerzbank Predicts Silver to Reach $30 by End of 2024 Amid Rising Industrial Demand READ MORE The Dark Side of Economic Anxiety: Gen Z's Growing Tolerance for Digital Deception READ MORE CBO Predicts Decade of Soaring U.S. Deficits READ MORE U.S. Strategizes Financial Blockade on Chinese Banks Over Russia Support READ MORE Einhorn's Outlook: Few Federal Rate Cuts and a Strong Case for Gold READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment