The nightmare oil price nobodys talking about
Real world oil prices are far higher than the figures seen on TV news reports
When the first US and Israeli missiles hit Iran more than a month ago, an oil price of $150 per barrel was considered a doomsday prediction. But the price of physical Brent crude is already a hair's breadth from $150, while the futures price hasn't caught up yet.
The Brent front-month futures price - which serves