Oil prices are on the rise as demand increases and supply cuts by OPEC+ continue to tighten the market. Brent is above $87, WTI above $82. Analysts predict further price gains with Brent up 12% this year and reaching mid-$80s. The market anticipates prices hitting $90 per barrel. Energy stocks like $XLE and $USO are soaring, with XLE up over 11% since February and USO showing gains. The market is optimistic about oil prices, with predictions of Brent hitting $100 and potential inflation rise due to oil price surge.