quote: PHYSICAL BRENT HIT $127, HIGHEST SINCE JULY 2008
From our partners at Trade Alpha: physical Brent cargoes averag | Hanami
quote: PHYSICAL BRENT HIT $127, HIGHEST SINCE JULY 2008
From our partners at Trade Alpha: physical Brent cargoes averaged $127 in the week to Oct 9, per EIA.
The record weekly average was $141 in the week of Jul 4, 2008. Brent futures trade near $105.
- OPEC+ meets Nov 1
- EIA inventory reports due Oct 21 and Oct 28 | The energy crisis is out of control.
Oil is now at levels not seen since the 2008 financial crisis.
Iranian officials say they’ll try to push oil prices even higher to influence November’s midterms.
Yet, after eight months of the Iran war, the stock market is near an all time high.
What would it actually take to derail this market?