Brent crude climbs to $110 after OPEC supply cuts, Sonia Shenoy says

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09.03.2026

Brent crude climbs to $110 after OPEC supply cuts, Sonia Shenoy says — Brent crude jumps on OPEC cuts

Brent crude prices have surged to $110 per barrel overnight as reported by Sonia Shenoy.

The jump comes after Iraq, Kuwait, and UAE—three major OPEC producers—reduced oil output due to running out of storage space. In Iraq, output has collapsed, and production from its three main southern oilfields has fallen sharply.

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The volatility in energy markets follows a broader pattern of upheaval across global industries, reminiscent of recent fluctuations such as the dramatic IBM stock plunge on AI threat. Meanwhile, geopolitical developments impacting oil output are also mirrored in the shifting landscape of defence spending and sector expansion, underscoring how macroeconomic uncertainties continue to shape investment strategies worldwide.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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