Oil prices have jumped significantly, with Brent crude surging 2% to reach $74 per barrel. Meanwhile, West Texas Intermediate has climbed above $70. OPEC+ has strategically postponed its planned December output increase of 180,000 barrels per day by one month. Consequently, this decision aims to maintain market stability through controlled supply management. Furthermore, the alliance … Continue reading Why are global oil prices surging and what is the Long-term Market Outlook?