Oil Prices Climb on Anticipation of Sustained OPEC+ Production Cuts

Traders expect OPEC+ to maintain current output levels as summer demand rises and geopolitical tensions persist.

Brent crude rose to $84.49 per barrel, while U.S. West Texas Intermediate reached $80.18.
OPEC+ is likely to continue voluntary production cuts of 2.2 million barrels per day.
The start of the U.S. summer driving season is expected to boost fuel consumption.
Geopolitical tensions in the Middle East are contributing to price support.
Investors are closely watching U.S. inflation data and Federal Reserve policy decisions.