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 BHP Plans Sale of Brazilian Copper and Gold Mines READ MORE From Bust to Boom: Miners Seek Investor Redemption Amid Price Surge READ MORE Cash-Strapped Pakistan to Introduce New Series of Currency Notes READ MORE Biden Administration Blames GOP for Blocking Inflation-Fighting Measures READ MORE S&P 500 Nears Worst Month in Over a Year as Rising Yields Signal Inflation Concerns READ MORE Add a Comment Cancel replyYour email address will not be published.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