Business
Global Oil Prices Hit $112 as Markets Brace for More Fallout
Traders have increasingly bid up prices for longer-term oil supplies in response. Contracts for Dec. 2027 deliveries of Brent crude now run about $78 a barrel, up from less than $66 a month ago. While those figures don’t represent a price forecast, they signal how producers, consumers and traders are factoring in protracted risks from the war.
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