Oil shot across $90 for the first time since 2014 as winter weather in the U.S. threatened to shut in some oil production while geopolitical tensions continued to keep investors on edge. West Texas Intermediate settled above $90 a barrel as markets assessed multiple bullish indicators. Traders question whether the OPEC+ coalition will be able to meet their quotas in full after agreeing to add supply to the market, while in the short-term extreme cold in the Permian Basin is curtailing some U.S. output. Geopolitical fears continue to add risk to the upside as Russia-Ukraine tensions ratchet higher and drone strikes continue in the Middle East. “The path of least resistance remains to the upside, when we got through yesterday’s high the volume picked up and the rocket ship blasted off,” said Spencer Vosko, director for crude oil at Black Diamond Commodities LLC. Crude is heading for a seventh […]