Key Oil Price Jumps to Highest Level on Record [View all]

Bloomberg: “The world’s most important price for real-world oil barrels soared to a record, the latest evidence of global crude markets that are pricing increasingly scarce supply in the wake of the Iran war.”

“Dated Brent, which helps value most of the world’s oil transactions, hit $144.42 a barrel on Tuesday, the highest since Platts, a unit of S&P Global Energy first began publishing the measure back in 1987. The benchmark is based on a more immediate delivery period than Brent futures — which were trading near $109 on Tuesday — an indication of a clamor to secure barrels for delivery as soon as possible.”



https://politicalwire.com/2026/04/07/key-oil-price-jumps-to-highest-level-on-record/