The Nightmare Oil Price Nobodys Talking About

The nightmare oil price nobody’s talking about

Real world oil prices are far higher than the figures seen on TV news reportsPublished 3 Apr, 2026 20:41 | Updated 3 Apr, 2026 21:45Gas prices over $6.00 are displayed at a Shell station across from the Marathon Petroleum Corp's Los Angeles Refinery in Carson, California, April 2, 2026 ©  Getty Images;  Justin SullivanWhen the first US and Israeli missiles hit Iran more than a month ago, an oil price of $150 per barrel was considered a doomsday …

Australian National Review - The nightmare oil price nobody’s talking about

When the first US and Israeli missiles hit Iran more than a month ago, an oil price of $150 per barrel was considered a doomsday prediction. But the price of physical Brent crude is already a hair’s breadth from $150, while the futures price hasn’t caught up yet. The Brent front-month futures price – which serves as a barometer for 80% of the world’s crude oil – has sat above $100 per barrel for several weeks. Rising and falling as US President …

The nightmare oil price nobodys talking about

Brent crude futures are lagging behind real-world prices, meaning oil supplies are being hit harder by the Iran war than headlines suggest Re