A Gravity Pull Toward $55 in WTI Crude Oil Crude oil has been bouncing from its US production breakeven since 2021, and the 2026 surge has lifted prices to roughly double the per-barrel cost in the world's largest producer and a net exporter. My graphic highlights what might be an unsustainable crocodile jaws pattern: spiking December WTI crude oil futures while North American demand vs. supply collapses. My takeaway from the graphic is that there is ample price incentive to increase the surplus of US and Canadian crude and liquid fuel approaching 8 million barrels a day. What stops this excess from widening? Lower prices are typically the cure. The December future will roll to front-month prior to midterm elections, and at about $78 a barrel on May 25, I see risks leaning toward $50, not $100. A key question: What does President Donald Trump need? Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tffla8kiupy0 {BI COMD} #crudeoil #Iran #Trump @BBGIntelligence