The rise and fall in crude oil prices was driven by passive investors. These players have departed. Refiners now are in no hurry to buy crude. Click here to read more.
Markets Are Rational
The rise and fall in crude prices from March 2 to June 26 was driven primarily by speculative activity. See Our View.
The Four-Month Oil Price Speculative Bubble (June 29, 2026) -- The rise and fall in crude oil prices was driven by passive investors (speculators).
The Four-Month Oil Price Speculative Bubble (June 29, 2026) -- The rise and fall in crude oil prices was driven by passive investors (speculators).