An almost uninterrupted rise in oil prices has pushed benchmark Brent crude close to $100 a barrel.
- The rise is a victory for Saudi Arabia, which sought to bolster prices to fund a planned transformation of its oil-dependent economy.
- Russia, which depends on energy income to finance its war on Ukraine and joined Riyadh in slashing supplies, is another winner.
- The two countries sparked the rally early this month when they said they would restrict supplies until the end of the year.