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WTI crude oil price prediction: $40 to $70 by 2026
Mike McGlone has suggested that WTI crude oil might experience significant price fluctuations by 2026, with a potential range of $40 to $70 per barrel. According to McGlone, normal cyclical forces could drive prices lower, especially if the S&P 500's 120-day volatility rebounds from multiyear lows.
McGlone's forecast for crude oil volatility aligns with his broader outlook on commodity price dynamics, as seen when he addressed the potential for a natural gas reversion risk amid rising January futures. His perspective on cyclical market forces also resonates with his analysis of the S&P 500’s deflationary shift against gold—an indicator he highlighted as crucial to understanding macroeconomic pressures influencing asset classes.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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