Brent crude jumps to $90 a barrel

Crude oil prices surge again shortly before trading begins on Wall Street. North Sea Brent crude rose 5.34% to $90 per barrel, while Texas crude (WTI) gained 8.27% to $87.7. Prices are weighed down by the prospect of a cut in Kuwaiti production, while the naval blockade of the Strait of Hormuz continues

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