REDDIT
Crude Oil futures indicate a notable decline in oil prices as the year goes on
From barchart:
CLK26 May delivery: $104
CLM26 June delivery: $97
CLN26 July delivery: $91
CLQ26 August delivery: $87
CLU26 September delivery: $83
CLV26 October delivery: $80
CLX26 November delivery: $78
CLZ26 December delivery: $77
Does this forecast oil price stabilization around current levels with a notable decline by fall?
If a company is worried about continued high oil prices, they can easily lock in a price now for use or profit in future months, if prices remain elevated