Brandon Aceto

The price is still $92.

It was $60 six weeks ago.

So we're up 50%.

Yep.

you know, still.

So you need another 30, 40% decline in oil prices to get back to just where we were.

And we already had an inflation problem before any of this started.

You know, there was some tiptoeing by the Fed around, you know, ah, can we actually cut rates more?

Or do we need to start, you know, being more cautious about all this?

Labor market looks weak, you know, so there's so many things that were already going on.

And this kind of throws a wrench in so many of those narratives where-

I mean, you need oil back down to $60 yesterday at this point.

Otherwise, I mean, with the ceasefire, the way traders are going to look at this, they look at a ceasefire and they say, okay, we know that the risks are reduced, but we need to hedge our bets still because what if something transpires in the next two weeks where, you know –

oil potentially goes back to $115.

So they're looking at this, and they're kind of waffling on this.

They're not going to – oil traders aren't going to take this right back to $60 anytime soon because now they're looking at it and saying, well, there's still a two-week window of risk here at least.

So –

I would have preferred to see something that was definitive, where you were able to actually look at this and say, this is a done deal.

This isn't a ceasefire.

This is over, at least in terms of the economics of what's going on.