The David Lin Report · Tuesday, June 30, 2026
Sam Burns believes it will take significant geopolitical shocks for oil prices to return to the $110 per barrel level seen a few months ago. He cites stable supply chains, declining demand, and ample global inventories as factors keeping prices lower, even with potential disruptions in the Strait of Hormuz.
“My guess is that it's going to take a lot for oil to go back to the 110 where it was, you know, a few months ago.”
“Um, I think, you know, there's been, uh, you know, kind of enough ways for oil to get where it needs to go, uh, that it won't go back up that high unless something really shocking kind of happens in terms of geopolitics.”
“So, my guess is that there's plenty of oil around. It's just a matter of whether it can go through the straight or not.”
“So, my guess is that uh uh we probably won't see $100 barrel on oil again soon.”