U.S. benchmark oil price tops US$90 a barrel for first time since November 2022

The U.S. benchmark price of oil has topped US$90 per barrel for the first time since late last year.

The October futures contract for West Texas Intermediate (WTI) light sweet crude oil was up US$1.57 at US$90.09 in late-morning trading after going as high as US$90.26.