“Crude grinds higher as a genuine supply shortfall forces the market back into balance the only way it can: through price, with 90s-to-low-100s reading as pure inflation rather than demand destruction.”
“$100 oil, in that context, we could get demand destruction in a material way. But oil at the 90s to low 100s is really just inflation. It's just going to be a source of inflation.”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.