The Odds of $100 Oil Are Rising as Supply Shocks Convulse the Market

By Lucia Kassai, Sharon Cho, Devika Krishna Kumar, and Alex Longley – Bloomberg

When oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence.