Oil prices rose by 6% to kick off the start of the second quarter on the surprising Opec-plus decision to cut production, pulling Brent close to $85 per barrel and triggering concerns that energy prices could drive inflation higher again. On ICE Futures, Brent for June delivery closed up $5.04 at $84.93/bbl on Monday, while May West Texas Intermediate (WTI) on the Nymex added $4.75 to settle at $80.42/bbl.
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