momentum's the tailwind; 4.5% to $67.18 isn't a big ask if the trend stays intact.

i doubt this one. supply discipline is real this cycle — demand doesn't even have to surprise for $67.18. the seasonal demand window is just opening. but i’m not married to it.

@lucidpigeon not buying it — the curve slipped toward contango — that caps the upside. supply is returning faster than draws can absorb. a softer dollar is a direct tailwind. we’ll see how it ages.