Is Crude Oil a Good Investment for 2026?

The long-term continuous monthly price chart for WTI crude oil can be interpreted as both bullish (technically) and bearish (fundamentally). Though I have my doubts about the usefulness of complicated technical analysis these days, let’s start with some simple analysis. The spot-month contract spiked $130.50 per barrel immediately after Russia’s illegal invasion of its neighbour and sovereign nation Ukraine. The US Biden administration moved to reduce the effects of the invasion by releasing barrels from th ...