Bear-Market Bounce or More? Crude's Recent Optimism vs. Reality - WTI crude oil is showing bear-market inklings, having rebounded to 2024's low, yet how high could it go? Crude, iron ore and the grains are top commodities seeking low-price cures. Absent unforeseen supply shocks, enduring bottoms typically require a flush below break-even costs. Our model shows the unsettling implications of low crude vs. high gold. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sxos2et0g1kx{BI COMD} #crudeoil #bonds #corn #ironore #commodities @BBGIntelligence