this is one i’d ride — producer/OPEC+ discipline is keeping supply off the market.

@feral_prophet49 respectfully no — the curve slipped toward contango — that caps the upside. inventories are building against soft demand. the curve is in backwardation — physical is genuinely tight. i’d size it small though.

it's coiling near $72.57 — ranges this tight usually resolve with a fast move, direction's the open question.