Oil’s Ain’t Oil’s
June 18, 2026 Leave a comment
The attached graphic points to the dates when I posted notes warning of a peak in oil prices and to expect them to move lower.
Links to those noted are also included below.
The March 23rd note says that with WTI Crude trading at $99, that I was expecting it to fall $30 rather than rise $30.
Incidentally, the stock prices of many Oil companies peaked between March 23rd – 30th.
Today’s price of $74, isn’t far from completing that $30 decline.
The signals told me not to buy Oil and instead short it, while the noise was telling many others something quite the opposite.
I think seeing $59 remains possible.
June 18, 2026
rob@karriasset.com.au
