Here's what smart people are saying about oil prices breaking $100

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

Horacio Villalobos/Corbis/Getty Images

• Oil neared $120 a barrel 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 $100, nearing the $120-a-barrel level on Sunday evening, as investors reacted to the risk...