$CL Crude Oil Outlook
Fundamentals favor lower or stable prices due to global oversupply and weak demand from slowing economies.
Upside risk comes mainly from Middle East tensions or shipping disruptions (e.g., Strait of Hormuz, Red Sea), which can cause short-term spikes.
Bottom line: Base case is stable-to-lower prices; geopolitics is the key wildcard.
Fundamentals favor lower or stable prices due to global oversupply and weak demand from slowing economies.
Upside risk comes mainly from Middle East tensions or shipping disruptions (e.g., Strait of Hormuz, Red Sea), which can cause short-term spikes.
Bottom line: Base case is stable-to-lower prices; geopolitics is the key wildcard.
