Brent Spot Price
$109.20
+34.8% vs Baseline ($81.00)
Global Supply Deficit
4.20 mb/d
4.1% of global demand
Inventory Depletion Rate
13.9 Days/Mo
Critical SPR buffer: 4.2 mos
Market Constraint State
Severe Supply Constraint
Crack Spread: +$24.50/bbl
30-Day Brent Shock Response & SPR Trajectory
$109.20 Peak