They're trying to cap WTI under $100, but that lid's getting harder to hold. Only two things bring oil down for real: Iran wraps up, or we hit a proper recession.
Classic supply/demand reality—high oil prices are the cure for high oil prices. Eventually something breaks or supply responds. Until then, expect the pin to slip.
Watch crude closely. If it rips through $100 and holds, that's a macro shift with ripple effects across risk assets, inflation expectations, and Fed policy. Oil breaking out could tighten conditions fast and squeeze liquidity—bad for $BTC in the short run, bullish for the inflation hedge narrative longer term if it sticks.
Classic supply/demand reality—high oil prices are the cure for high oil prices. Eventually something breaks or supply responds. Until then, expect the pin to slip.
Watch crude closely. If it rips through $100 and holds, that's a macro shift with ripple effects across risk assets, inflation expectations, and Fed policy. Oil breaking out could tighten conditions fast and squeeze liquidity—bad for $BTC in the short run, bullish for the inflation hedge narrative longer term if it sticks.