The crude oil tanker Searuby arrives at Teesport on September 02, 2023 in Redcar, United Kingdom. Oil prices jumped on Thursday, with U.S. crude topping $90 a barrel, as expectations of a tighter supply grew. West Texas Intermediate crude (WTI) gained 1.6% to $90.04 per barrel, hitting its highest level since November 2022. "From September onwards, the loss of OPEC+ production... will drive a significant supply shortfall through the fourth quarter," the agency said in its monthly report. Earlier this week, the OPEC issued updated forecasts of solid demand and also pointed to a 2023 supply deficit if production cuts remain.