Oil prices edge higher on supply woes as Saudi, Russia extend output cuts

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2023-09-06 00:29:43  • 2 mins

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Oil prices ticked up on Thursday, as markets worried about a supply shortage after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year.

Brent crude futures rose by 17 cents, or 0.2 per cent, to $90.21 a barrel at 00:08 GMT. It crossed the $90 mark for the first time since November on Tuesday in the sixth straight day of gains.

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