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 as a barometer for 80% of the world’s crude oil – has sat above $100 per barrel for several weeks. Rising