Friday Wrap
Energy equities held up better than crude itself, which suggests investors see the commodity weakness as more temporary than the futures tape implies.
Source post
CL1 $96.77 -8.2% | Brent $103.60 -5.2% on the week. USO -0.3% | BNO -1.2% XLE +1.8% | XOP +0.8% See signals before the move -> See signals before the move ->
Follow-up context
Energy equities held up better than crude itself, which suggests investors see the commodity weakness as more temporary than the futures tape implies.
More notes in the system
Wednesday EIA Check
Commercial US crude stocks are at 734.0 MMbbl (-9.3 w/w). SPR sits at 325.7 MMbbl, putting total crude stocks at 1059.7 MMbbl. Commercial: 734.0 MMbbl (-9.3 w/w) SPR: 325.7 MMbbl (-5.5 w/w) Know if the inventory move is real ->
Monday Setup
WTI M1-M2 is sitting at 0.28$/bbl with a +0.13 move over the last five sessions. WTI M1-M2: 0.28$/bbl 5-session move: +0.13 In plain terms: Prompt structure is positive but not extreme, so the balance read is constructive without screaming shortage. See signals before the move ->
Friday Wrap
CL1 $71.64 +4.9% | Brent $76.72 +7.2% across the main crude-linked proxies. USO +4.8% | BNO +4.1% XLE +3.0% | XOP +3.1% See signals before the move ->
