Derek Brower in New York and David Sheppard in London

FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo

Opec’s gamble: Can the global economy cope with higher oil prices?

Led by a confident Saudi Arabia, the cartel wants to boost its revenues. But persistent inflation could result in weaker demand