Oil is not pricing “higher forever.”
It is pricing shortage now.
WTI spot: $96.60
WTI Mar 2027: $77.09
Drop: $19.51/bbl
BZUSDT
Διην.
98.03
+2.15%
Brent spot: $100.21
Brent Mar 2027: $83.43
Drop: $16.78/bbl
That is steep backwardation.
Oil only needs high prices to destroy the next barrel of demand.
CLUSDT
Διην.
96.07
+2.78%