Prices for some physical oil cargoes have exceeded $130 a barrel, approaching April's record level. This was reported by Qazaqyia.kz citing Reuters.
The price increase was driven by disruptions in Saudi Arabia. This was reported by Reuters.
The price of physical oil cargoes topped $130 a barrel, nearing April's record. The market situation has been strained by supply disruptions in Saudi Arabia.
According to Reuters, prices for some oil cargoes reached this level. This figure is close to April's record price.
The disruptions led to higher prices on the global oil market. Information emerged that prices for physical cargoes exceeded $130.