Growing gap between oil futures and supplies that determine costs for consumers
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Three weeks into the Iran war, there is an ever-growing gap between the price of oil futures and supplies that determine costs for consumers in the real world.
The global Brent benchmark has jumped more than 50 per cent to around US$112 a barrel as the near-complete closure of the Strait of Hormuz and attacks on Middle East energy facilities choke supplies.
……Read full article on The Straits Times - Business
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