[size=36]Oil crosses $90 a barrel for the first time since 2014[/size]
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Oil prices jumped above $90 a barrel for the first time in seven years, today, Wednesday, supported by a shortage of supplies.
Brent crude contracts jumped $1.80, or 2.3%, to $90.33 a barrel by 16:15 GMT, the first time that the global benchmark has breached the $90 level since October 2014.
US West Texas Intermediate crude contracts rose $2.1, or 2.46%, to $87.72 a barrel.
Data from the government agency showed that crude stocks in the United States increased by 2.4 million barrels during the week ending January 21, reaching 416.2 million barrels.