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Strategist Sees WTI Falling to $40 a Barrel
Posted
June 28, 2026
Views
14,874
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208
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148
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2.39%
June 28, 2026
14,874
208
148
2.39%
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6:50Now PlayingRising oil prices are accelerating a supply glut in the Western Hemisphere, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone argues that growing production and improving technology could drive WTI crude down to $40 a barrel. McGlone explains to David Gura and Christina Ruffini on Bloomberg This Weekend that gas prices are likely to be lower by the midterm elections, but warns that such declines have often coincided with weakness in the stock market.
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