Evercore's Roger Altman: We may be approaching a tipping point in oil
Speakers
Roger Altman
— Founder and Senior Chairman of Evercore
Summary
Roger Altman, founder of Evercore, discusses a potential tipping point in the oil market, with supply cuts and depleted inventories likely to push crude prices substantially higher over the next couple weeks. He warns of a possible second inflation shock and destabilization of markets, while noting the underlying economy remains strong. He also comments positively on Kevin Warsh as Fed chair pick.
- Roger Altman sees a tipping point in the oil market.
- 12-14 million barrels per day of supply have been removed.
- Cushioning inventories have been drawn down significantly.
- Expects physical-to-paper price spread to widen, pushing paper prices up.
- Warns of possible $150 oil and a second inflation shock.
- Believes markets would react before the economy.
- Comments on Kevin Warsh as a good Fed chair choice.
- Notes underlying economy is strong with business investment boom.
Trade Ideas
Oil prices set to rise substantially soon.
The oil market is at a tipping point with 12-14 million barrels per day of supply taken out, and cushioning from high inventories, SPR releases, and China inventories has been drawn down. The spread between physical crude and paper price is about to widen, leading to substantially higher oil prices (potentially $150) in the next couple weeks, which could destabilize markets and cause a second inflation shock.
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This CNBC video, published May 18, 2026, features Roger Altman discussing WTI. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Roger Altman · Tickers: WTI