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WTI's Recent Jump – Watching for Consolidation at Higher Levels
Anyone else noticing WTI's pretty decent move over the last few sessions? It's been interesting to watch, especially with all the noise around supply cuts and the general sentiment that central banks might be done with the aggressive hiking. Feels like the market is starting to price in a bit more stability on the demand side, even if it's still a fragile narrative.
I'm not jumping in just yet, but definitely keeping a close eye on whether it can hold these levels and consolidate. If we see a sustained bid here, I might start looking at some of the smaller cap energy players that have been beaten down, rather than the big integrateds. Still early days, but the shift is noticeable. Thoughts?
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