2026-04-02 19:28:14

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GateNews

2026-04-02 17:00:53

Spot Brent crude oil breaks through $140 per barrel, hitting a new high since 2008

On April 2, the spot price of Brent crude oil broke through $140 per barrel, reaching the highest level since 2008, mainly due to a shutdown of the Strait of Hormuz that disrupted global oil supply. This supply crisis put refineries under immense pressure, driving a sharp rise in crude oil prices over a short period of time.

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