Brent surges close to $100/b threshold


Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern about a possible recession and rising interest rates.

Brent futures rose $3.62, or 3.8%, to $98.04 a barrel by 1:31 p.m. EDT (1731...