Oil Prices Expected to Normalize Amid Infrastructure Concerns

The Long View, institutional investor, posted on X that the spot curve reflects time, indicating that point 'i' is a realistic assumption for nearer-term contracts. However, longer-dated futures do not align with this assumption, leading to high short-term price forecasts. The investor agrees that oil prices will normalize once current conditions stabilize, unless there is significant long-term damage to infrastructure, which is becoming increasingly likely.