Oil has rallied in recent months, climbing more than 30% from lows hit in June. Escalating tensions in the Middle East have helped fuel the rise, with investors becoming more attuned to the possibility that skirmishes and conflicts could disrupt oil flows as supplies have tightened around the world. “It is an extremely long list reminding the market how fragile the oil market is,” said Gary Ross, head of global oil analytics at S&P Global Platts. Crude prices again rose Monday after officials in Saudi Arabia detained more than five dozen princes, ministers and prominent businessmen in a bid to tackle alleged corruption in the country. Analysts described the sweep as a major shake-up in Saudi Arabia’s establishment as Crown Prince Mohammed bin Salman consolidates his power. Some observers said the move is unlikely to bring a shift in the kingdom’s efforts to bring down global crude supplies. “Saudi […]