Oil prices just don’t “bounce back” the way many people expect—especially not in 2026.
I hear a lot of conversations that assume another upswing is always waiting around the corner. The reality? This year, we’re in a market oversupplied at the structural level. That means the baseline price isn’t just under pressure—it’s being held down, day after day, even when the headlines are talking about the odd geopolitical shock causing short spikes.