The world’s most important price for real-world oil barrels surged above $140 on Thursday, the highest since 2008.

Dated Brent, the price of shipments bought and sold in the North Sea, reached $141.37, surpassing levels seen when Russia invaded Ukraine, according to S&P Global, which publishes the data.

The surge is a sign of the growing disconnect between futures contracts and various pockets of physical markets that are pricing increasingly scarce supplies.

https://archive.ph/ohWmq#selection-2245.0-2245.158

2 hours ago, Alan Zweibel said:

The world’s most important price for real-world oil barrels surged above $140 on Thursday, the highest since 2008.

Dated Brent, the price of shipments bought and sold in the North Sea, reached $141.37, surpassing levels seen when Russia invaded Ukraine, according to S&P Global, which publishes the data.

The surge is a sign of the growing disconnect between futures contracts and various pockets of physical markets that are pricing increasingly scarce supplies.

https://archive.ph/ohWmq#selection-2245.0-2245.158

Yes all accurate. But "the world" has managed to cope with any economical/financial crises going back 120 years.There were many, mostly forgotten these days.

"Capitalism" has incredible "healing-forces". However, the "healing forces" were always (sooner or later) supported by "Government Actions". Or in other words: Pumping money into the "system".

All fine and good. In the mean time, the financial markets are slowly but surely realising that "pumping money into a crisis situation", will no more work, as financial "overextension" does not allow for further and increased financial "overextension".

Oil crisis currently? There is so much more to it.

Hey magga tired of winning yet??yeiks hopefully it’s a temporary spike.