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What will WTI Crude Oil (WTI) hit in May 2026?

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Bulls Say, Bears Say

Bulls Say

At 62¢, market consensus already leans toward $105+ being achieved by May 2026

Geopolitical supply disruptions and OPEC+ production discipline historically push WTI above $100

A weakening dollar cycle combined with rising global demand could fuel a sustained price surge

Bears Say

Demand destruction from slowing global growth could cap prices well below $105

U.S. shale production flexibility acts as a natural ceiling, ramping up when prices rise

The 1d price drop of -3.0% signals near-term bearish momentum undermining the bull thesis