Oil held gains above the highest close since 2014 as the International Energy Agency said the market looked tighter than previously thought, with demand proving resilient to omicron. The global supply surplus is shrinking and oil demand is on track to hit pre-pandemic levels, according to a report from the IEA. Futures in New York rallied above $87 a barrel earlier in the session after an explosion on Tuesday knocked out a key crude pipeline running from Iraq to Turkey. Prices pared some gains on news of its resumption Wednesday. Oil markets have tightened in recent weeks due to stronger than expected demand and outages in OPEC+ producers including Libya, with buyers in Asia paying sharply higher premiums for spot cargoes. Crude’s sizzling start to the year has prompted Goldman Sachs Group Inc. to boost […]