Another Crude Surge to Fade or New Bull Phase? When crude oil spikes, it can be its own worst enemy. Will 2026 be different? My bias is that WTI's 1Q high of about $120 a barrel may mirror peaks of $147 in 2008 and $130 in 2022. The graphic highlights a key reason: the surplus of US and Canadian crude and liquid fuels approaching a record high 8 million barrels a day. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tcptdxkip3lf {BI COMD} #crudeoil #energy #stockmarket @BBGIntelligence(Mike McGlone)