Forget the futures market, the world’s most important oil price just smashed through $100 a barrel with every sign it is going to push higher.
Dated Brent, the price of cargoes bought and sold in the North Sea, reached $100.80 a barrel on Wednesday for the first time since 2014, according to S&P Global Platts, the company that publishes the marker. Price spreads in the futures market are pointing to one the tightest markets ever.
