Robin Brooks: Brent spread returns to pre-war levels despite bearish forecasts

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Ashutosh Sureka

06.05.2026

Robin Brooks: Brent spread returns to pre-war levels despite bearish forecasts — Brent spread back to pre-war levels

Robin Brooks, industry influencer, observes that the spread between Dated Brent and the July futures price has returned to levels seen before the outbreak of war.

He remarks that some market participants who previously expected the spread to widen are still offering pessimistic forecasts, although their recent track record has not been strong.

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Brooks previously commented on the market reaction to a ceasefire, noting a sharp drop in oil prices and gains for emerging market currencies like the Brazilian Real in his recent analysis. In separate coverage, Torsten Slok warned of rising recession risks in Europe as growth momentum slows, leaving the region more exposed to shocks, according to Slok’s assessment. These observations come as some forecasters continue to debate the outlook for oil spreads.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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