WTI crude prices are likely to fall with three forces and that odd is high in the next few months.
China economy slows down and oil demand in China is expected to ease. I do not believe its government would have any meaningful monetary support to pump up the growth. China will need several years to deleverage its growth in debts, in pricy real estate, in much dependence on export, and in excessive infrastructure built that are supposed to be the tasks of future generations.
In the next few months, I believe economic narratives in the US will focus on economic concerns on how to “land”. Inflation is coming down and approaching to the Fed target. The US economy suffers from productive reduction. Fiscal policies are limited by its mega size of debts too.
The conflicts in the Middle East and in Ukraine, the current major geopolitical risks to oil market, are expected to be contained and to calm down.
I think the WTI crude prices could be as low as $50.