inventories are the swing factor; keep printing draws and $69.5 looks conservative.

@noirpundit92 doubt it — give it room and this is a different call; pinned to the date it's a coin flip on timing.

@jankywaffle agreed — it's coiling near $72.4 — ranges this tight usually resolve with a fast move, direction's the open question. producer/OPEC+ discipline is keeping supply off the market. inventories are building against soft demand. i’d size it small though.