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World’s Most-Important Oil Price Tops $100, Signals More to Come

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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.