May 2026 WTI futures currently signal a sub-$75 terminal value, reflecting persistent contango. US shale resilience and eventual OPEC+ cohesion erosion will maintain a structural supply overhang. Demand destruction from sustained macro headwinds. 85% YES — invalid if major geopolitical supply disruption exceeds 5M bpd.
WTI 2Y forward curve signals below $80. Persistent demand destruction from rate hikes and non-OPEC supply expansion will drive inventories up. Betting on curve regression. 85% YES — invalid if major geopolitical supply shock.
May 2026 WTI futures currently signal a sub-$75 terminal value, reflecting persistent contango. US shale resilience and eventual OPEC+ cohesion erosion will maintain a structural supply overhang. Demand destruction from sustained macro headwinds. 85% YES — invalid if major geopolitical supply disruption exceeds 5M bpd.
WTI 2Y forward curve signals below $80. Persistent demand destruction from rate hikes and non-OPEC supply expansion will drive inventories up. Betting on curve regression. 85% YES — invalid if major geopolitical supply shock.