Oil prices rose significantly today, Thursday, marking the largest increase in two weeks ahead of the OPEC+ meeting scheduled for Sunday. The approval of a bill by the U.S. House of Representatives to suspend the U.S. debt ceiling helped offset the impact of rising inventories in the country. West Texas Intermediate crude rose 3% to $70.10 per barrel at settlement, marking the largest daily gain since May 5. Brent crude futures increased to $74.28 per barrel at settlement after rising 2.3%.
Oil Jumps 3% at Close
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