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Robin Brooks: Oil bulls called for a spike based on Dec. '27 futures but prices fell

Robin Brooks: Oil bulls called for a spike based on Dec. '27 futures but prices fell
Oil bulls' Dec. '27 futures call fails

Oil bulls recently argued that a rise in the December 2027 oil future signaled an impending price spike, but those predictions did not materialize, with the contract now falling instead. Robin Brooks called these arguments unfounded and noted their persistence throughout the year.

Brooks previously described the recent spike in the VIX tied to S&P 500 options and AI debt concerns as relatively minor. In another update, he reported that oil exports from the Persian Gulf have returned to normal. He attributed earlier elevated prices to temporary increases in shipping costs.

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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