Oil futures for October are nearing $85 due to an ongoing geopolitical conflict. The author believes the conflict's effects will not last until the October expiration, making current elevated prices "ridiculous." Watch oil for a potential short opportunity or mean reversion, though the author notes futures carry too much risk for retail. The geopolitical conflict escalates or persists longer than expected, driving oil prices even higher.
USO
HIGH
Mar 23, 06:21
Key Points
['Oct oil futures nearing $85', 'Geopolitical conflict driving prices', 'Author doubts conflict longevity', 'High risk in shorting futures directly']
March 23, 2026 at 06:21