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Reaching the crescendo?

Sweet $66 is here, while the physical differential hit a new record high, flirting with $2!
Published: January 14, 2026
Written by:
Will Cunliffe

Will Cunliffe

Research Analyst, Flux
Will Cunliffe
,
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, Flux
Edward Hayden-Briffett
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, Flux
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, Flux
Jorge Montepeque
Edition: Euro EditionVolume: 3Issue: 9
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Sweet $66 is here, while the physical differential hit a new record high, flirting with $2!

$66 is a tasty handle for Brent. Flat price has been fighting to keep a hold of it, but by the London close it had slipped back a little to $65.90/bbl. The world is on edge, with official advice for citizens to leave Iran, threats to military bases and no-fly orders zipping around the region – while the big wigs run to safe zones. We’re nervous for what seems inevitable…

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