Ok please help me think on this for 2 minutes. Oil popped on “reopening/shutdown ending” vibes and then cooled off again. Now I’m staring at the chart like… do I buy this dip or is this just another fake bounce before CPI and more supply headlines hit?
What would you do?
OPEC+ discipline matters less if products demand is soft. Watch diesel cracks and refinery utilization. If those roll, energy rallies fizzle fast.
Fair. Cracks can wobble short term but if crude stocks keep tightening and supply stays disciplined then energy can still work.