The real price of oil in global markets has increased to 125 dollars per barrel. This price increase occurs as the price of Brent oil approaches around 108 dollars, and the gap between the real price of oil and paper oil (futures Brent) has reached 18 dollars.
Analysis of the Price Difference Between Real and Paper Oil
Currently, Brent oil, as one of the important benchmarks for oil prices in the global market, is at the threshold of 108 dollars. Meanwhile, the real price of oil, known as Dated Brent, has reached 125 dollars per barrel. This indicates an increase in demand and geopolitical impacts in the oil market.
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Additionally, studies show that the price of Oman oil, as another influential benchmark on the oil prices of West Asia, is also 13 dollars higher than Brent oil. These price increases indicate rising market volatility and its impacts on the global economy.
Security Developments in the Region
Last night, local sources reported the firing of a cruise missile towards a violating ship in the Strait of Hormuz. This incident occurred just before the oil market opened and caused the market to be affected by security news. Furthermore, reports of attacks in two areas in Riyadh have emerged, leading to disruptions in flights at the Saudi capital's airport.
Following these developments, the oil market began with a jump of 106 dollars. The price of American crude oil also increased by about 4 dollars to 96.26 dollars, and the price of Brent oil rose by more than 4 dollars to 108.42 dollars per barrel. These price increases indicate rising demand and existing pressures in the oil market.
Given the security conditions and recent developments in the region, it seems that the oil market will continue to be affected by volatility. Analysts believe that this volatility could have profound effects on prices and the global economic situation.
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