Paper vs. Physical: The $34 Gap Exposing the True Cost of the Iran Oil Shock
The value that underpins real-world oil cargo transactions surged to its highest degree since 2008. Dated Brent hit $141.37 per barrel, reaching an 18-year high. Meanwhile, Brent crude futures traded close to $107, nonetheless under 2022 ranges. Thus, it’s clear that the benchmark for actual crude cargoes now trades greater than $34 above Brent futures….
