Post #1183383

Oil futures price vs. physical delivery of crude to a refinery: The "futures" price you see for Brent crude (the world benchmark) is for a contract that ends in June 2026, with trading ending end of April. The physical price - for barrels delivered to a refinery today - can be much higher. Generally, futes price has been hovering around $100/bbl, but physical price is in the $120 to $140 range per barrel. Based on today's headlines, I predict a quick jump in both prices later today.