Brent crude reaches highest price since 2008
pre-market1 source ↓written by the desknot a recommendation
- Sea surged
- $141.37 per barrel
Brent crude for physical delivery in the North Sea surged to $141.37 per barrel, the highest since 2008, driven by tightening supply amid ongoing geopolitical tensions. The closure of the Strait of Hormuz has exacerbated disruptions, impacting one-fifth of global crude shipments. This spike reflects a significant divergence between futures and physical markets, raising concerns for traders.
Not investment advice. For informational purposes only.