With all this Iran business going on in the Media over this last week with the US and Iran trying to one up each other I have been watching the price of Oil. I check Bloomberg.com several times a day to see the prices per barrel. The free info lists four different types of Oil prices. There are the two Europeans ones the IPE and the Brent I believe. There are also the two American ones, the WTI and NYMEX crude.
Both IPE and Brent are over 70/bbl at 70.57 and 70.22 respectively while NYMEX and WTI are at 69.45 and 69.32. This is the highest Oil has been since the Katrina hurricane disaster last summer.
I'm not an economist like Jerome or Bondadd but these are some very troubling prices. I believe the market may me getting really skittish about all this Iran bombing talk over the last week. Either that or they know something we don't but watching oil go up like this I'm really wondering.
If you want to look at the prices yourself from the Bloomberg website. It's not realtime data but it is free. It's at this link: Bloomberg Oil Price Data webpage