The dated Brent crude oil price, which is the price actually being paid for existing available oil, is over $140/barrel. Since this is what is REALLY being paid, it is not subject to the wishful thinking being projected elsewhere. This is the worst it's been since 2008.

https://www.cnbc.com/2026/04/02/dated-brent-oil-price-actual-cargo-highest-level-2008.html#:~:text=Brent%20oil%20price%20for%20actual,$141%2C%20highest%20level%20since%202008