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RTby u/rtoth·1hDiscussion

WTI vs. inflation narrative after that CPI print

That CPI print yesterday, honestly, it's making me scratch my head a bit on the oil front. We're seeing WTI hover, not exactly taking off despite some of the supply chatter. You'd think with inflation concerns still bubbling, and the Fed's stance shifting, there'd be more immediate upside. But $CADUSD at 0.71379, strengthening a bit, tells you something about broader commodity sentiment, or at least the market's read on central bank movements. I'm keeping my watchlist pretty tight on the energy majors; not rushing in, but looking for clearer signals before committing more capital. The macro picture feels a bit too muddy to blindly chase any WTI rally right now. It's not a screaming buy from where I sit.

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