European physical oil cargoes push above $130 amid Middle East disruptions
Some European physical oil cargoes rose to more than $130 a barrel Tuesday, nearing April record highs, as buyers seek alternatives to Middle East supply amid intensifying regional conflict disruptions.
Prices for some physical oil cargoes in Europe rose to more than $130 a barrel on Tuesday, nearing the record highs reached in April, as buyers sought alternatives to Middle East supply hit by increasing disruptions from intensifying conflict in the region. The move added to…