Physical Forties crude hits record high near $150 a barrel as Hormuz crisis worsens - Reuters

- The price of North Sea Forties crude oil reached a record high near $150 a barrel on Monday as the U.S. plan to blockade the Strait of Hormuz added to concern about tight supplies.

The outright price of North Sea Forties crude FOT-E reached $148.87 a barrel on Monday, LSEG data showed, exceeding its 2008 peak.


(Reporting by Alex Lawler
Editing by David Goodman
)