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The Guardian - UK

Business

Jillian Ambrose Energy correspondent

Petrol prices expected to rise as oil cost climbs above $90 a barrel

Oil Petrol Russia Saudi Arabia OPEC RAC United States

A driver filling their car at a petrol station. — Oil has jumped to its highest price in nearly a year. Photograph: Joe Giddens/PA

Motorists are braced for higher pump prices after the cost of oil climbed above $90 a barrel for the first time this year as Russia and Saudi Arabia extended cuts to supplies.

Oil jumped to its highest price since last November, after the two oil-rich nations said they would prolong a plan to withhold supplies from the global market until December.

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