Oil breaking news today

Here are some breaking news stories related to oil:

1. Oil Prices Surge as OPEC+ Cuts Production

Oil prices have jumped to their highest level in three years after OPEC+ agreed to cut production by 1.2 million barrels per day. The move is aimed at reducing global oil inventories and supporting prices. Brent crude oil rose to $75.45 per barrel, while US West Texas Intermediate (WTI) crude oil climbed to $71.45 per barrel. (Source: Reuters)

2. US Oil Rig Count Rises for First Time in 2023

The number of oil rigs in the United States has increased for the first time this year, according to data from Baker Hughes. The rise in rigs is a sign that oil production in the US may be starting to recover after a decline in recent months. The number of active oil rigs rose by 2 to 744, the first increase since January. (Source: CNBC)

3. ExxonMobil to Invest $20 Billion in Low-Carbon Projects

ExxonMobil has announced plans to invest $20 billion in low-carbon projects over the next five years. The investment will focus on reducing greenhouse gas emissions from its operations and developing new low-carbon technologies. The move is part of the company's efforts to reduce its carbon footprint and meet growing demand for cleaner energy. (Source: Bloomberg)

4. Saudi Arabia to Invest $100 Billion in Renewable Energy

Saudi Arabia has announced plans to invest $100 billion in renewable energy projects over the next decade. The investment will help the country reduce its reliance on oil and meet growing demand for electricity. The country aims to generate 50% of its electricity from renewable sources by 2030. (Source: The National)

5. Oil Spill in Brazil's Amazon Rainforest

An oil spill has occurred in the Amazon rainforest in Brazil, threatening the region's delicate ecosystem. The spill is believed to have been caused by a pipeline rupture and has already contaminated several rivers and streams. The Brazilian government has launched an investigation into the incident and is working to contain the spill. (Source: BBC News)

These are just a few of the latest breaking news stories related to oil.