Dated Brent oil price exceeds $140 for the first time since 2008
Kyiv • UNN
The cost of actual Dated Brent oil supplies reached $141.37 per barrel. This is the highest figure since 2008 amid shortages and statements by Donald Trump.
The Dated Brent real oil supply price indicator exceeded $140 on April 2, reaching its highest level since 2008. This was reported by Bloomberg, according to UNN.
Details
It is noted that, according to S&P Global, which publishes these data, the price of Dated Brent oil, bought and sold in the North Sea, reached $141.37.
This is a sign of a growing gap between futures contracts and various segments of physical markets that set prices for increasingly scarce supplies.
The publication indicates that, unlike Dated Brent, futures for benchmark Brent oil, traded on Intercontinental Exchange Inc., are still below 2022 levels, trading around $107 on Thursday. This is due to the fact that the value of Dated Brent reflects the price of oil for a closer delivery period.
Recall
Oil prices rose by more than 7% on Thursday after US President Donald Trump's statement that the US could continue attacks on Iran, which raised fears of prolonged disruptions in oil supplies.