The disconnect between spot prices and paper markets highlights a severe dislocation in global oil availability. Some analysts now argue that Brent futures are currently undervalued and should be priced between $150 and $160 to accurately reflect the extent of the scarcity.
Tuesday, October 20, 2026
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Physical Brent Hits $154 per Barrel for First Time Since 1991
Commodities9 days ago
International energy markets are facing extreme supply pressure due to vessel shortages and maritime disruptions in the Middle East. Physical Brent crude prices rose above $154 per barrel, marking the highest level since record-keeping began in 1991, and creating a record spread of more than $50 per barrel between the cost of physical oil and Brent futures as buyers scramble for immediate deliveries.
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