Oil Could Hit $200—But It Won’t Last

追加: 2026-05-27

[00:00:00]When the second round lights up and that inventory is now gone, then you're going to see that $150, $200 print in oil that everyone expected the first time around.

[00:00:09]Now, I say print on purpose because it is our view that oil might print $200 a barrel, but it can't stay there and be demand destruction would be swift and painful. Do you think the inventory shortages in say Europe of jet fuel and everything else are as bad as people have worried that they are? Well, I we are seeing a lot of demand destruction, you know, thousands of canceled flights and so I I think that's sort of the natural response, but the short the anticipated shortages in refined products have not materialized at anywhere near the scale anyone would have predicted given the facts that and and as we said in our piece anybody claiming that now is almost certainly lying. But what is undeniable is that if the war kicks off again, there's far less slack in the system than there was on February 28th.