Mike McGlone|Jun 26, 2026 10:27
A Low-Price-Cure Path Toward $40 Oil
President Trump's decision to attack Iran with Israel, which pumped WTI crude to about $120 a barrel, may have paved the way for reversion toward $40 in 2H, with echoes of 2008. Crude oil and copper could be next on the 2026 pump-then-dump contagion list, which began with Bitcoin and US natural gas in January.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/th8ehar24u85 {BI COMD}
#crudeoil #energy #stockmarket @Bloomberg(Mike McGlone)
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