(Bloomberg) -- Oil climbed as supply disruptions in Libya, increased tensions in the Middle East and an OPEC statement stressing its commitment to stabilizing prices ushered bulls back into the market. Most Read from BloombergWest Texas Intermediate rose 3.3% to settle near $73 on Wednesday amid the myriad of bullish developments. Further heightening tensions, Iran suffered two blasts that killed more than 100 people. “Nobody wants to be short crude below $70 when there is unrest in the Middle East,” said Dennis Kissler, senior vice president at BOK Financial. Most Read from Bloomberg Businessweek©2024 Bloomberg L.P.
