Inventories are higher than we'd like and we'd ideally like a consistent drawer in the weekly DoE data - we also still have an overhang that OPEC+ will pump out increased barrels from October - but what does inspire is that there is a deficit in total liquids and improved demand seems to be getting the greater focus for now, which does offer some confidence that we can push above $80 and perhaps hold for a new range.
It's a trader's market right now, but these traders must be open-minded as trends don't last long, and the ability to be agile and nimble will serve us well.
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