Oil Prices Rise on Supply Cuts
Oil prices jumped more than $1 per barrel Thursday, ending the month higher. OPEC+’s ongoing production cuts, attacks on Russian energy infrastructure, and fewer U.S. oil rigs have tightened supply, pushing prices up. May Brent crude reached its highest since October 27 at $87.48 per barrel, up $1.39, or 1.6%. The busier June contract rose […]