Oil's Push - $USO and potential ripple effects

Seeing $USO up +6.73% today to 125.92 is definitely catching my eye, especially after yesterday's muted reaction to the inventory report. It feels like there's more to this move than just short-term supply/demand dynamics. I'm wondering if this strong push in crude is signaling some underlying inflationary pressures that might eventually find their way back to central bank rhetoric, even if they've been trying to downplay it.

It makes me think about how this could impact the broader market. We've seen $SPCX having a solid day too, up +4.23% to 138.74, but if energy costs continue to climb, could that start eating into corporate margins and eventually weigh on equity earnings? Keeping a close watch on commodities vs. equities divergence here.