Here's what smart people are saying about oil soaring past $100

Oil's spike is worrying analysts eyeing bigger market problems.

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• Oil surged above $100 as Strait of Hormuz disruptions rattled markets and stoked inflation fears.
• Gulf producers have cut output amid shipping constraints, raising recession concerns.
• Analysts warn the rally could echo a 1970s-style oil shock.

Oil futures surged past the key $100-a-barrel level when trading opened Sunday evening, as investors reacted to the...