crude oil
Views split sharply over whether crude is oversupplied or entering a renewed scarcity-driven advance. Rory Johnston described contango and recovering flows as evidence of excess crude and weak demand 7, while Patrick Ceresna and Jeffrey Currie highlighted geopolitical disruption, tight inventories and strong product markets as bullish signals 13. Several contributors distinguish crude from refined products, arguing product shortages or crack spreads may be more informative than crude prices alone 346.
Where the voices land
All voices 1 voice1 bearish
Bearish
- JCJeffrey Currie ++Bearish Crude oil prices are noise and have pulled back, understating the real tightness in products. “However, crude oil prices are the noise, and product prices are the signal.” Open the post I joined @BloombergTV's @FerroTV and @annmarie t… · 17 Jul
1 bearish
Mentions
7 in July 2026Stories it travels in
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The stories
- ○ a voice, on the left
- ◌ a voice raising half of these
- ● a subject, on the right, under its story
- ⌒ a line is a voice raising a subject — thicker, more items; colour is the story
The stories this entity travels in: on the right, each story with the subjects seen alongside it; on the left, the voices that raised them, and a line for every subject a voice raised, bundled by story. Tap a voice to light everything it raises, a subject for who raised it, a story for its own lines. The crumb goes back.
Who brings it up
- Erik Townsend 4 mentions
- Patrick Ceresna 4 mentions
- Masil Bagnan 2 mentions
- Rory Johnston 2 mentions
- Jeffrey Currie ++ 1 mention
- Gregory Brew 1 mention
- Chris Berry 1 mention
- Anas Alhajji 1 mention
See what your own voices say about crude oil, every morning.
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