March 9, 2026 8:18 PM
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Global Crude oil prices Hits Nearly $120 Per Barrel due to Supply Cuts by major producers
Global crude oil prices surged to nearly 120 US dollar per barrel mark in early trade today, hitting levels not seen since 2022. The jump in prices was largely due to supply cuts by some major producers. Fears of prolonged shipping disruptions also weighed heavily on the market sentiment. Brent Crud...