Is 2026 Crude Oil's Nadir Year? Brent crude oil may be caged at $55-$75 a barrel in 2026, with risks skewed to the downside. My graphic shows the top reasons why the downtrend can persist: growing North American supply surplus and a stretched stock market. Adding to excess supply from the US and Canada, production growth in Brazil, Argentina, Guyana and potentially Venezuela underscores the Western Hemisphere's shift to a price maker from a price taker. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t8suu9kijh90 {BI COMD} #crudeoil #stockmarket @BBGIntelligence(Mike McGlone)