By Julia Fanzeres and Alex Longley
Oil surged to a 10-month high — extending a powerful rally that threatens to rekindle inflation — as supply cuts from OPEC+ have tightened the market and Saudi Arabia’s energy minister shied away from any change in course.
Global benchmark Brent futures topped $95 a barrel for the first time since November.
Shrinking supplies have ignited a flurry of predictions that $100 oil could return in a roster than runs from industry heavyweights such as Chevron Corp. Chief Executive Officer Mike Wirth to traditional bears at Citigroup Inc.
Bloomberg news
