Mike McGlone
Mike McGlone|Jun 13, 2025 12:05
Is 80 the New 100 for WTI Crude Spikes? Feeding the Bears - A sharp short-covering rally can add fuel to a persistent bear market. Will WTI crude oil's recent surge toward 80 a barrel reverse the prevailing supply-demand imbalance, especially as the global economy edges toward recession amid unprecedented US tariffs? Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sxsl57dwrgg0 {BI COMD} #crudeoil @BBGIntelligence
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