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Some physical oil cargoes top $130 a barrel, nearing April's record, on Saudi disruptions

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The price of physical oil deliveries in Europe jumped above $130 a barrel, approaching the record high reached in April, as the escalation of the Middle East conflict and the loss of Saudi exports have caused buyers to look for alternative sources.

·Budapest, Hungary
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Oil prices have been boosted by the Middle East conflict, with physical oil trading above $130 in Europe and Forties nearing $137.

Approaching the April record.

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BizToc broke the news on Tuesday, September 15, 2026.
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