Friday Wrap
In plain terms: The biggest weekly move came from BWET at +12.7%, which helps show whether crude, equities, or shipping led the tape....
Source post
CL1 $80.72 +9.3% | Brent $85.99 +9.5% across the main crude-linked proxies. USO +9.8% | BNO +11.0% XLE +3.5% | XOP +5.0% See signals before the move ->
Follow-up context
In plain terms: The biggest weekly move came from BWET at +12.7%, which helps show whether crude, equities, or shipping led the tape....
Paths: Up if supply-risk headlines keep tightening inventories, Brent-WTI structure, cracks, and oil beta together. Flat if the headline premium stays mostly in crude while equities and physicals o...
More notes in the system
Monday Setup
WTI M1-M2 is sitting at -0.03$/bbl with a -0.74 move over the last five sessions. WTI M1-M2: -0.03$/bbl 5-session move: -0.74 See signals before the move ->
Wednesday EIA Check
Commercial US crude stocks are at 734.0 MMbbl (-9.3 w/w). SPR sits at 325.7 MMbbl, putting total crude stocks at 1059.7 MMbbl. Commercial: 734.0 MMbbl (-9.3 w/w) SPR: 325.7 MMbbl (-5.5 w/w) Know if the inventory move is real ->
Monday Setup
WTI M1-M2 is sitting at 0.28$/bbl with a +0.13 move over the last five sessions. WTI M1-M2: 0.28$/bbl 5-session move: +0.13 In plain terms: Prompt structure is positive but not extreme, so the balance read is constructive without screaming shortage. See signals before the move ->
