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OPEC oil rises 5.6% to $123.11. It's the highest value since AprilPhoto by Alexandra_Koch on Pexels
Business
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Energy

OPEC oil rises 5.6% to $123.11. It's the highest value since April

CNN Portugal15 September 2026 at 11:50

OPEC oil rose 5.6%, reaching the value of $123.11. This price represents the highest value since April.

This appreciation followed the trend recorded by Brent oil, which serves as a reference for Europe, and by Texas intermediate oil (WTI), which is the reference for the United States.

Why this matters

Portuguese consumers will feel the impact on fuel prices at gas stations, following the European trend. Companies with high energy costs will face increased pressure on their operating costs, at a time already marked by high inflation. This increase occurs after a period of decline and represents a significant setback in price containment efforts.

About this summary

This is our short summary of a report published by CNN Portugal on 15 September 2026 at 11:50; the full text stays with the publisher. In our feed it sits under Business. We currently carry 23133 items in that section.

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