Oil Prices Surge Again To Highest Level, Sparking Fears Of Inflation Reboot
LAGOS AUGUST 7TH (NEWSRANGERS)-Oil prices surged on Monday to the highest level in months after Saudi Arabia extended production cuts for another month, threatening to keep inflation in the U.S. abnormally high. West Texas Intermediate crude, the U.S. benchmark, hovered around $82 a barrel during afternoon trading, the highest level since mid-April, when prices rose…