Energy markets are sending interesting signals. Oil is down 5% compared to two decades ago—think about that for a moment. Twenty years of economic cycles, geopolitical shifts, technological advances, and yet we're trading below those historical levels.

What does this tell us about long-term energy valuations? Are we seeing structural changes in demand, or is this a cyclical trough? The commodity supercycle narrative keeps getting challenged. For investors tracking macro trends and asset allocation—whether traditional or crypto portfolios—energy prices matter as a barometer of risk appetite and real economic expectations.

Worth monitoring how this plays out over the next quarter.