The content originally appeared on: CNN US oil jumped another 1.2% to trade as high as $85.07 a barrel. It's the first intraday trade above $85 since October 2014. The rebound has intensified in recent weeks as a global energy crunch has emerged, marked by spikes in natural gas, coal and crude prices. Oil is up 13% this month alone and is now up 120% from a year ago. The oil spike is amplifying inflationary pressures and raising the cost […]
