Why $68 Oil Should Worry You More Than $100 Did
Hey trader, Cheap oil feels like a gift: Lower gas, lower costs, more money in your pocket. For a trader holding stocks, that gift can be a warning in disguise. Folks forget we are in the middle of a conflict that hasn’t been resolved. Roughly 1.5 billion barrels are missing from global supply. Global oil inventories have been depleted. Crude sat at $68 to $70 all morning. A price that low, with a backdrop that tight, should not exist. The supply side alone cannot explain it. The oil market’s refusal to rally tells us something key: the problem is no longer supply…it’s demand. Today I want to show you the math I ran on crude this morning, why a stubbornly cheap barrel is a recession flare, and what it means for every position you hold. The Price That Should Not Exist Crude has fallen from around $100 a barrel down