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Brent Crude Prices Exceed $150 in Asia
Brent crude prices in Asia have exceeded $150, as reported by Yonhap|Nikkei. Brent crude prices in Europe are currently trading at $125.5 according to U.S. Department of Energy data. Global oil conditions remain critical, with pressure on the entire energy supply chain expected to intensify until the full reopening of the Strait of Hormuz and the restoration of trust, according to the CEO of Aramco.