Watching crude with renewed interest after recent EIA data
The EIA report last week, with the significant draw, definitely has my attention on crude. It feels like the market might be underestimating demand-side resilience, even with rate hike concerns; seeing $USO pushing 135.54 today is interesting.
Positioning my watchlist to see if this momentum holds, especially given the geopolitical backdrop.
I'm with you on the demand resilience; seems the market is slowly catching on. The geopolitical backdrop is the wildcard here for sure.