Future prices of oil are priced nominally (not adjusted for inflation), and for 2-year-ahead futures, oil is priced a couple of dollars below current spot, which when adjusted for expected inflation suggests oil is priced too low for future periods.
factualpending
Speaker
Paul SankiEvidence Quote
“the Futures price of oil is priced nominally so the market at the moment is pricing oil uh let me see here for let's say two years ahead you know a good couple of dollars a barrel below where we're trading today”
Source
'Never Before Seen' Oversupply Of Oil To Collapse Crude Price? | Doomberg & Paul Sankey— David LinCreated: 8/12/2026, 6:45:10 PM
My Notes
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