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<Commodity>Oman's Crude Crosses USD150 per Barrel to New All-Time High
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Oil buyers are scrambling to find alternatives to supplies from the Gulf region, spiking the global crude oil prices from Norway to Kazakhstan, The Financial Times reported. As a result, Oman's crude oil prices were pushed to a new all-time high of over USD150 per barrel. While Brent oil futures zoomed to nearly USD120 a barrel at the onset of the Iran war, those for May delivery have already ebbed to USD101, indicating traders' hope for at least partial restoration of shipping through the Strait of Hormuz by then. AAStocks Financial News |
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