Oil is not pricing “higher forever.”
WTI: $96.67
Brent: $101.73
Spread: $5.06
Both curves are backwardated.
WTI Feb 2027: $75.69
Brent Feb 2027: $83.17
That is the signal.
The front end says scarcity.
The back end says normalization.
CLUSDT
Perp
98.91
+2.55%