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Dubai oil prices
Latest news regarding Dubai oil prices.
Dubai oil prices hit a record high of $153.25 per barrel, surpassing Brent crude's all-time high.
Middle Eastern oil prices have surged to the highest levels in the world due to the conflict in Iran, forcing Asian refineries to cut production or seek alternative sources of supply.
Market
Dubai oil prices hit a record high of $153.25 per barrel, surpassing Brent crude's all-time high.
Middle Eastern oil prices have surged due to conflict in the Strait of Hormuz, causing exports to Asia to fall by 32% and forcing refineries to seek alternative sources of supply.
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