Brent Hits $108, Diesel Export Ban Pushback & Behind the Meter Power Goes Big | BDE 09.29.26

Despite Brent hitting $108, the forward oil curve and AI-driven data-center financing risk rising rates suggest markets see no lasting fundamental shift.

• Brent at $108: Oil spiked after a Middle East peace deal collapsed, but the forward strip (WTI 12-month at $81, 24-month $77, 60-month $69) still signals no lasting fundamental shift, per the hosts.
• Trading houses cash in: Physical traders capture the Brent-WTI spread; Vitol reportedly cleared $15B last year and is on pace to beat that, with Trafigura, Gunvor and Mercuria also profiting.

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