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Oil price spike to 2008 highs

April 4, 2026Mohamed A. El-Erian, zerohedge, *Walter Bloomberg

Mohamed A. El-Erian cites Bloomberg saying Dated Brent surged above $140, while Trump comments amplified expectations around oil production and Hormuz, keeping energy prices central to the stock market narrative.

Dated Brent, the price of shipments bought and sold in the North Sea, reached $141.37, surpassing levels seen when Russia invaded Ukraine
*TRUMP: OIL PRODUCTION WILL SOON BE SUBSTANTIALLY HIGHER
With a little more time, we can easily OPEN THE HORMUZ STRAIT, TAKE THE OIL, & MAKE A FORTUNE.
Mohamed A. El-Erian
zerohedge
*Walter Bloomberg
oilenergymacro

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