Home Market Outlook Commodities  Summary I remain bullish on crude oil, expecting $100 a barrel to be the new floor for the rest of 2026. Today's rare silver-to-oil ratio near parity signals a likely sharp rise in oil prices and/or a drop in silver, with oil favored to surge. Geopolitical risks, especially the ongoing Iran war with Middle East supply disruptions, could drive oil to $150–$200 per barrel this summer. Global oil inventories look to be halved by early June vs. late February, triggering major shortages and price spikes in crude and refined products. Deagreez/iStock via Getty Images There are a number of reasons I remain quite bullish on crude oil ( CL1:COM ) ( CO1:COM ) for the rest of 2026. Perhaps the most obvious one shouting at me today is the silver-to-oil Analyst’s Disclosure: I/we have a beneficial short position in the shares of GDX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions.…