RE:Why is WTI up so much today ?Based on the physical market WTI should be trading around $80. It was fear driving the price below $70 - specifically demand destruction due to Omicron lockdowns. It is becoming apparent to more and more people that the current covid wave will not be like 2020 as excessive restrictions on travel, work, school, etc, is not justified by the emerging hospitalization and ICU data. I suspect oil will be up around $73-74 before Christmas as more people recognize that governments have no rationale argument supported by data to justify extensive disruptions in our lives.