The beleaguered global oil industry is seeing the beginning of the end of the crude glut. A wave of oil-supply disruptions, rising demand and OPEC’s production cuts has raised hopes among investors and producers that global oil supplies are finally falling back in line with demand, after years of being out of whack. Oil inventories in the industrialized world—a proxy for the glut—have fallen to their lowest levels in two years. Brent crude, the international benchmark, rose past $65 a barrel in volatile trading Tuesday for the first time since June 2015 before falling to $63.46 a barrel on Tuesday evening in London. Oil-industry players are now preparing for a more stable price around $60 a barrel or higher, after a […]