Despite a recent punishing week for oil prices, Rupert Mitchell maintains a positive outlook, believing the numbers do not add up for current price levels. He holds a significant position, though he describes it as not yet overly concerning.
The tape
4 quotes
“What we're on the 28th of July right now.”
Rupert Mitchell
“Very punishing week again for the front of the crude trade.”
Rupert Mitchell
“For me, the numbers don't add up.”
Rupert Mitchell
“You know, I struggle to not see an oil price higher by year end.”
Rupert Mitchell
Heard on Excess Returns — “He Called It the Worst Chart Imaginable. Then He Bought It | Rupert Mitchell on Cracks in the Mag 7”, published Wednesday, July 29, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.