Crude oil reached $125 in the spot market. 🔹 The price of Brent crude, despite a drop at the highest level, has been trading above $106 in today's transactions. However, the actual oil price in oil markets, known as Dated Brent, has reached $125. 🔹 This $20 gap between futures oil contracts and spot oil indicates a supply shortage in the market, and oil needed in the market is still not passing through the Strait of Hormuz.
Translated regional report
Crude oil reached $125 in the spot market.
Automated translation and editorial curation by Middle East CatchSite publication
Original report: Fars News AgencyOriginal publication Editorial policy
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