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Feeling the pinch!

Physical crude goes over $150 all while we have now entered day 17 of the war
Published: 16 March 2026
Written by:
Will Cunliffe

Will Cunliffe

Research Analyst, The Officials
Will Cunliffe
,
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, The Officials
Edward Hayden-Briffett
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, The Officials
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, The Officials
Jorge Montepeque
Edition: Asia EditionVolume: 3Issue: 50
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Physical crude goes over $150 all while we have now entered day 17 of the war

$150! Crude oil hit it and left it behind in the Middle East. This is the benchmark, and then people pay for other crude oils a premium on top of that number plus freight, so this means June delivered crude is worth today around 165 macaroons. If you’re looking at futures, you’re missing out.

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The Officials publish outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.

We invite you to read our reports, which are published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST). For any comments, please reach out to us through the emails provided in the signed documents.

About Asia Edition

Benchmark reports published at the close of the trading day in Singapore.

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