WTI is headed to ~180/BBL over the next 90-100 days, and is one of the most bullish trade setups I have ever seen (based on the long term pricing history of any stock/commodity).
180/BBL translates to approximately $6.50-7/GAL for unleaded (outside of California).
This is also equivalent to approximately $8-9/gal for Diesel.
The latter is going to become 2/3 of the landed cost of all items in the world which is another added layer of the already inflated pricing in global supply chains.
What are you smoking. Demand destruction already happening. Imagine 180. Not in this lifetime
gt3verse
⋅
@ElandrePage, crashing Equities absolutely can escape to Commodities. 70% of Russian oil cannot find a buyer. You must be new. I get it. You probably talk shit on Crypto Twitter too. Supply availability, globally, because of a Russia being ousted, is a REAL thing.