RE: $50 per bbl7 May 2026 18:23
Without going into detail, my rational for $50 (post war)
1. More prodcution WW, OPEC & US will pump at max rate, then add the UAE factor etc.
2. Biggest factor IMO, this war will supercharge demand destruction and super accelerate nuclear/green
3. Oil was already trending lower, expect that to resume
We may have a near term spikes as the war winds up, but longer term oil will drop along with BPs SP
So small bumps in the road now, but longer term...............