{"id":64017,"date":"2026-04-07T02:15:39","date_gmt":"2026-04-07T02:15:39","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=64017"},"modified":"2026-04-07T02:15:39","modified_gmt":"2026-04-07T02:15:39","slug":"brent-crude-spot-prices-at-141-per-barrel","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/07\/brent-crude-spot-prices-at-141-per-barrel\/","title":{"rendered":"Brent Crude Spot Prices at $141 per barrel"},"content":{"rendered":"<h4>Key Points<\/h4>\n<ul>\n<li>Brent crude spot prices reached $141.36 per barrel on Thursday.<\/li>\n<li>ISM Services PMI declined to 54% in March, reflecting slowing growth.<\/li>\n<li>However, the ISM Services Prices index accelerated to 70.7%, warning of an inflation shock.<\/li>\n<\/ul>\n<hr \/>\n<p><a href=\"https:\/\/www.cnbc.com\/2026\/04\/02\/dated-brent-oil-price-actual-cargo-highest-level-2008.html\">CNBC<\/a> reports that Brent crude spot prices reached $141.36 per barrel on Thursday, the highest level since the 2008 financial crisis. The spot price trades at a premium of $32.33 over the June Brent crude futures contract, which closed at $109.03.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-06-brent-jun26.png?resize=525%2C306&#038;ssl=1\" alt=\"Brent Crude Futures (ICE June'26)\" width=\"525\" height=\"306\" \/><\/p>\n<p>Spot prices for Brent oil require delivery in the next 10 to 30 days. The large spot premium reflects immediate supply shortages due to the closure of the Strait of Hormuz.<\/p>\n<blockquote><p>The futures price is \u201calmost giving a false sense of security that things are not that stressed,\u201d said Amrita Sen, founder of Energy Aspects.<\/p>\n<p>\u201cThe financial market is almost masking the true tightness that everywhere else is showing up.\u201d<\/p><\/blockquote>\n<h2>ISM Services<\/h2>\n<p>The ISM Services PMI declined to 54% in March, indicating slower growth.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-06-ism-services-pmi.png?resize=525%2C310&#038;ssl=1\" alt=\"ISM Services PMI\" width=\"525\" height=\"310\" \/><\/p>\n<p>The Employment index contracted sharply to 45.2%. Construction and utilities are among the few industries recording employment growth, reflecting continued spending on AI data centers.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-06-ism-services-employment.png?resize=525%2C265&#038;ssl=1\" alt=\"ISM Services Employment\" width=\"525\" height=\"265\" \/><\/p>\n<p>But the ISM Services Prices index accelerated to 70.7%, the highest since August 2022, during the last inflation spike.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-06-ism-services-prices.png?resize=525%2C265&#038;ssl=1\" alt=\"ISM Services Prices\" width=\"525\" height=\"265\" \/><\/p>\n<h2>Supply Chain<\/h2>\n<p>The New York Fed Supply Chain Index rose to 0.68 in March. Values above zero reflect mounting supply chain pressures, a key driver of inflation.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-06-supply-chain.png?resize=525%2C355&#038;ssl=1\" alt=\"NY Fed Supply Chain Index\" width=\"525\" height=\"355\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>We expect continued crude shortages to drive prices even higher, increasing inflationary pressures.<\/p>\n<p>If Kevin Warsh is confirmed as the new Fed Chair, he will have a hard time controlling inflation without raising interest rates.<\/p>\n<h4>Acknowledgments<\/h4>\n<ul>\n<li>CNBC: <a href=\"https:\/\/www.cnbc.com\/quotes\/@LCO.1\">Brent Crude ICE May&#8217;26 Futures<\/a><\/li>\n<li>Institute for Supply Management: <a href=\"https:\/\/www.ismworld.org\/supply-management-news-and-reports\/reports\/ism-report-on-business\/\">ISM Report on Business<\/a><\/li>\n<li>Reuters: <a href=\"https:\/\/www.reuters.com\/markets\/us\/ny-fed-says-supply-chain-pressures-heated-up-march-2026-04-06\/\">NY Fed says March supply chain pressures highest since start of 2023<\/a><\/li>\n<li>CNBC: <a href=\"https:\/\/www.cnbc.com\/2026\/04\/02\/dated-brent-oil-price-actual-cargo-highest-level-2008.html\">Brent oil spot price for actual cargo soars to $141, highest level since 2008 financial crisis<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Points Brent crude spot prices reached $141.36 per barrel on Thursday. ISM Services PMI declined to 54% in March, reflecting slowing growth. However, the ISM Services Prices index accelerated to 70.7%, warning of an inflation shock. CNBC reports that Brent crude spot prices reached $141.36 per barrel on Thursday, the highest level since the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/07\/brent-crude-spot-prices-at-141-per-barrel\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Brent Crude Spot Prices at $141 per barrel&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[44,3761,13,34],"tags":[7256,7257,6457,6459,5855,7258],"class_list":["post-64017","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","category-gdp-and-activity","category-inflation-economy","category-us-canada-countries-regions","tag-brent-crude-futures-ice-june26","tag-brent-crude-spot-prices","tag-ism-services-employment","tag-ism-services-prices","tag-ism-services-pmi","tag-ny-fed-supply-chain-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brent Crude Spot Prices at $141 per barrel - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brent Crude Spot Prices at $141 per barrel - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Key Points Brent crude spot prices reached $141.36 per barrel on Thursday. ISM Services PMI declined to 54% in March, reflecting slowing growth. However, the ISM Services Prices index accelerated to 70.7%, warning of an inflation shock. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-gEx","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":50728,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/04\/04\/brent-crude-approaching-90-gold-at-2300\/","url_meta":{"origin":64017,"position":0},"title":"Brent crude approaching $90, Gold at $2300","author":"Colin Twiggs","date":"April 4, 2024","format":false,"excerpt":"The ISM Services PMI shows the US economy is expanding but at a slower pace. Brent crude and Gold warn of higher inflation but financial market liquidity is keeping a lid on long-term interest rates. Crude Oil Brent crude continues its advance, reaching $89.43 per barrel on Wednesday. Our medium-term\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-03-brent.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-03-brent.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-03-brent.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":55287,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/07\/04\/wall-street-goes-full-costanza\/","url_meta":{"origin":64017,"position":1},"title":"Wall Street goes full-Costanza","author":"Colin Twiggs","date":"July 4, 2024","format":false,"excerpt":"George Costanza from Seinfeld obviously has many disciples on Wall Street. His logic is clearly evident in the latest response to a weak ISM Services PMI. Stocks rallied in anticipation of an early Fed rate cut, ignoring the warning that the Services sector, the capstone of the economy, is now\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"George Costanza from Seinfeld","src":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2024\/07\/2024-07-03-costanza.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":63788,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/05\/deep-crude-oil-production-cuts-more-inflation\/","url_meta":{"origin":64017,"position":2},"title":"Deep Crude Oil Production Cuts &#038; More Inflation","author":"Colin Twiggs","date":"March 5, 2026","format":false,"excerpt":"Key Points Brent crude futures climbed to $83.87 per barrel. The Saudis, UAE, Iraq, and Kuwait are considering deep cuts in crude oil production if the Strait of Hormuz is closed. The ISM manufacturing and services sectors both reported persistent price increases in February. A recent New York Fed survey\u2026","rel":"","context":"In &quot;US &amp; Canada&quot;","block_context":{"text":"US &amp; Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-04-brent.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-04-brent.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-04-brent.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":62368,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/06\/weak-jobs-and-falling-crude-september-rate-cut\/","url_meta":{"origin":64017,"position":3},"title":"Weak jobs and falling crude = September rate cut","author":"Colin Twiggs","date":"September 6, 2025","format":false,"excerpt":"Key Points The Fed will likely cut interest rates in September after a weak jobs report. Falling crude oil prices also ease inflationary pressure. Long-term Treasury yields fall, anticipating a rate cut. The dollar weakened as yields softened, while gold soared to a new high of $3,600 per ounce. The\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Employment Growth","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-05-jobs2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-05-jobs2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-05-jobs2.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":50653,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/04\/02\/us-manufacturing-pmi-jumps\/","url_meta":{"origin":64017,"position":4},"title":"US Manufacturing PMI jumps","author":"Colin Twiggs","date":"April 2, 2024","format":false,"excerpt":"The US economy looks healthy, with strong manufacturing and construction numbers. But soaring Gold prices warn that something is amiss. The Institute for Supply Management shows a strong upsurge in US manufacturing in March, with the PMI\u00ae recovering to 50.3% -- the first expansion (above 50) in sixteen months. New\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"ISM Manufacturing PMI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-01-ism-mnfg-pmi.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":41553,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/04\/06\/opec-cuts-lift-gold-to-2020\/","url_meta":{"origin":64017,"position":5},"title":"OPEC+ cuts lift Gold to $2020","author":"Colin Twiggs","date":"April 6, 2023","format":false,"excerpt":"Brent Crude rallied to $85 per barrel after OPEC+ announced voluntary production cuts of 1.6 million barrels per day. It appears the cuts were in response to the recent fall to below $73 per barrel resulting from the bank contagion triggered by Silicon Valley Bank and Credit Suisse. Oil producers\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-04-05-brent.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-04-05-brent.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-04-05-brent.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/64017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=64017"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/64017\/revisions"}],"predecessor-version":[{"id":64018,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/64017\/revisions\/64018"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=64017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=64017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=64017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}