Gas Is Back Above $4 — And Could Keep Rising – Prof G Markets

Gas Is Back Above $4 — And Could Keep Rising – Prof G Markets

Market views

Bullish

CRUDE— Oil prices expected to push above $100/barrel if current Middle East conflict situation persists for 4-5 months, driven by Strait of Hormuz closure and limited rerouting options.
DIESEL— Diesel prices expected to continue rising significantly as the least politically influenced petroleum market, currently at $170/barrel equivalent with refineries dialing back activity.

Bearish

OPENAI— OpenAI facing existential margin pressure from open source models like Kimi K3 that offer similar performance at fraction of cost, threatening 80%+ margins and path to profitability.
ANTHROPIC— Anthropic facing same margin compression as OpenAI from open source competition, with 80%+ margins unsustainable as Chinese models offer equivalent performance at one-third the cost.

Not investment advice.