Diff-erent gravy!

Flat price is on a royal rumble! The highest since late October, as it got all the way up to $65.90 on supply disruptions and geopolitical brawling. Spreads are on the up too, with the prompt spread up rallying to 83c moments before London close. And just as everything is rallying the EIA decided to publish its 2026 Brent forecast of $56… There needs to be some serious traceback and have those super glut narratives back.

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