Oil steadies near the low 60s as the market digests the IEA’s sharp turn back toward a more oil-heavy future. Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence; Nadia Martin Wiggen, Director at Svelland Capital; and Choeib Boutamine, Energy Advisor and CEO of Ranadrill Energy, break down what the shift signals for supply expectations, investor sentiment, and the path ahead for OPEC+. They look at the pressure on Russian barrels, the risk of a deeper contango, and why crude may struggle to find support if global markets wobble. A clear, grounded read on a market searching for direction.
