"DATED" BRENT CRUDE $124.44/bbl

By close of markets on Friday afternoon, the oil markets finally began to rationally react to the ugly reality of the global crude oil situation.

While "paper" Brent Crude is at $103.xx per barrel, reflecting the phony "paper" price, "Dated Brent" which is what one pays for actual physical oil, jumped to $124.44/bbl

As of close of business Friday, the price was pretty much the same as it was after Israel/US first perpetrated their sneak attack upon Iran and thereby began the debacle closing the Strait of Hormuz, disrupting about 20 Million Barrels of oil PER DAY.

So here we are, seven months (or so) into this Iran debacle, and all the claims about Iran "wants a deal" and "the Strait is open" having finally been exposed as outright lies to manipulate oil prices, the oil is now priced at what it was when this whole nonsense began.

Experts I've spoken with expect things to go very much higher, very fast.