Oil Is Under $90. Why Is 2027 Pricing Still Climbing?

October 6, 2026 — WTI crude is back below $90, but farther-out oil contracts are still pushing higher. Chase Taylor explains why the futures curve may be telling a different story from the headline price — and what persistent supply and geopolitical risk could mean for the market further down the road.

Chase breaks down why May and December 2027 oil pricing remains firm even as front-month crude has cooled, then updates the situation in the Strait, where tanker disruptions and changing flows continue to complicate the energy picture.

He also looks at the renewed nuclear-power trade following the Google–Constellation deal, washouts in European financials and emerging-market bonds, and why one of the market’s most crowded small-cap trades may now have a very different risk-reward profile.

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