What Stops Crude's Typical Track Toward 40? Crude oil is oversupplied, notably due to the price spike to 2022's high, and is on a low-price cure path. What might interrupt the post-2008 pattern of bottoming around 40 a barrel? My graphic highlights a key factor that can accelerate the typical move below break-even costs in the largest producer, the US, at about 55 a barrel (the 2025 low): some normalization in the lofty stock market. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t4ms28gpwcg5 {BI COMD} #crudeoil #stockmarket @BBGIntelligence(Mike McGlone)