Editor’s Note: This WCTW was first published to paying subscribers on March 25, 2024. Our short-term view on the oil market is that oil prices are at the top end of the trading range ($80-$85). However, as fundamentals move along and inventory draws resume (after April), we see oil prices moving to a structurally higher price range ($85 to $95). This will be fueled by the two variant perceptions we discuss below. Thank you for reading.
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