Oil Prices Continue Rising Due to Supply Cuts, Inflation Concerns Grow

Oil prices have reached 10-month highs due to supply cuts by Saudi Arabia, Russia, and OPEC+.
Factors like rising demand, lower inventories, and constrained supply have contributed to increasing oil and gasoline prices.
Higher oil prices are fueling inflation concerns and complicating central banks' efforts to curb rising prices.
Analysts predict oil may reach or surpass $100 per barrel, while gas prices are at 11-month highs in the US.
Elevated energy costs are raising worries about global economic growth and the impact on consumers.