Brent Crude Surges Past $100 as Chinese Refiners Suspend Refined Oil Exports

Brent crude oil prices rose to approximately $103 per barrel after Chinese refiners suspended exports of refined oil products, including gasoline, diesel, and jet fuel, until further notice. The suspension, which excludes shipments to Hong Kong and Macau, involves major firms like PetroChina and Zhejiang Petrochemical. While the move has sparked concerns over potential inflation, there has been no immediate significant impact on Bitcoin or Ethereum markets. Chinese authorities have yet to issue an official statement regarding new export quotas.