Bloomberg Intelligence Oil Pushes Higher With Ukraine Talks and China’s Pledge in Focus
Dec 29, 2025
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, dives into the recent trends in oil pricing connected to Ukraine talks and China's economic plans. He outlines silver's current overbought status and the potential for profit-taking. Mike Regan, managing editor for U.S. Equities, discusses Michael Burry's high-profile market strategies, while Mina Fahmi, co-founder of Sandbar, introduces the innovative AI-powered Stream Ring, designed for discreet audio interactions and privacy-focused features.
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Oversupplied Oil Market Outlook
- Global oil faces a bear market driven by excess supply despite geopolitical noise about Ukraine.
- Mike McGlone sees crude ranging $40–$70 next year with an average near $55–$60.
Silver Faces A Significant Correction
- Silver is severely overbought and resembles the extreme of 1979, risking a large pullback.
- Mike McGlone expects silver to drop toward roughly $50 from current stretched levels next year.
Gold Rally Versus Crude Signals Risk
- Precious metals rallied while crude fell, creating an unusual divergence signaling market fragility.
- McGlone warns this could presage higher stock market volatility next year.