2026 Oil Will See ‘Good Demand, Better Supply’, Price to $50 Before $70

Vikas Dwivedi reacts to the latest headlines around oil as Trump says the U.S. has seized an oil tanker off the coast of Venezuela. He thinks oil prices will hit $50 before $70 again, citing oversupply. “The surpluses are the largest we’ve seen,” he says, but they’re primarily on the water, muddying the picture of what supply really looks like. However, it’s still “way too much to absorb.”

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