Key Oil Price Jumps to Highest Level on Record

[RandySF]

Bloomberg: “The world’s most important price for real-world oil barrels soared to a record, the latest evidence of global crude markets that are pricing increasingly scarce supply in the wake of the Iran war.”

“Dated Brent, which helps value most of the world’s oil transactions, hit $144.42 a barrel on Tuesday, the highest since Platts, a unit of S&P Global Energy first began publishing the measure back in 1987. The benchmark is based on a more immediate delivery period than Brent futures — which were trading near $109 on Tuesday — an indication of a clamor to secure barrels for delivery as soon as possible.”



https://politicalwire.com/2026/04/07/key-oil-price-jumps-to-highest-level-on-record/

[orangecrush]

1. Holy crap

Fill up those F-250s, MAGATs!

[marble falls]

2. Epstein tax.

[VMA131Marine]

3. Oil companies are going to start shrinking the gallon to make the price seem more reasonable.

#SHRINKFLATION

Or they will start selling it by the pint.

A gallon of gasoline is still slightly cheaper than a pint of milk

[walkingman]

4. The conflict these days and those of the past should be sufficient reason get off our dependency for fossil fuels.