EIA reports consistent gasoline inventory builds, with WTI consolidating below $80. Crack spreads lack breakout momentum. Demand isn't surging enough for a rapid $0.20 pump price jump. 85% NO — invalid if Brent closes above $88 by May 28th.
WTI crude holds firm above $78/bbl amid persistent EIA inventory draws. Refinery utilization is scaling up, but the robust driving season demand will tighten crack spreads further. Current futures curve indicates continued upward pressure. With limited new supply and OPEC+ adherence, pump prices are set to breach $3.75 before month-end. 88% YES — invalid if WTI consistently trades below $76/bbl.
EIA reports consistent gasoline inventory builds, with WTI consolidating below $80. Crack spreads lack breakout momentum. Demand isn't surging enough for a rapid $0.20 pump price jump. 85% NO — invalid if Brent closes above $88 by May 28th.
WTI crude holds firm above $78/bbl amid persistent EIA inventory draws. Refinery utilization is scaling up, but the robust driving season demand will tighten crack spreads further. Current futures curve indicates continued upward pressure. With limited new supply and OPEC+ adherence, pump prices are set to breach $3.75 before month-end. 88% YES — invalid if WTI consistently trades below $76/bbl.
