Oil prices jumped on Thursday, with U.S. crude topping $90 a barrel, as expectations of a tighter supply grew. West Texas Intermediate crude (WTI) gained 1.6% to $90.04 per barrel, hitting its highest level since November 2022. Brent crude was up 1.5%, at $93.23, reaching a 10-month high. Saudi Arabia and Russia have extended their oil output cuts to the end of 2023, and the move could result in a substantial market deficit for the rest of 2023, the International Energy Agency said on Wednesday. “From September onwards, the loss of OPEC+ production... will drive a significant supply shortfall through the fourth ... (full story)