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    Home > Chemicals Industry > Petrochemical News > Brent crude is near $140/b near all-time highs

    Brent crude is near $140/b near all-time highs

    • Last Update: 2023-03-07
    • Source: Internet
    • Author: User
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    According to the Deccan Herald on March 7, as the price of Brent crude oil soared to a nearly 14-year high of $140 on Sunday
    .

    North Sea Brent crude for May delivery reached $139.
    13 shortly after electronic trading opened around 23 GMT, heading toward its all-time high in 2008 before retreating
    slightly an hour later.

    The European benchmark reached a record price
    of $147.
    50 per barrel in July 2008.

    As of 3:30 a.
    m.
    GMT, Brent crude oil prices had edged down to $128.
    77 a barrel, 9.
    02% higher than Friday's
    closing price.

    Since Feb.
    24, the price of a barrel of Brent crude has risen 33%.

    New York's benchmark West Texas Intermediate also surged to $130.
    50 a barrel for April delivery on Sunday
    .
    Over the next hour and a half, it also dropped
    slightly.

    As of 0:30 GMT, WTI crude oil was trading at $125.
    15 per barrel, up 8.
    18%
    from Friday's close.

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