RE:RE:RE:RE:RE:RE:A theory re YGR true or not ?Gasoline inventories are at low end of historical range so quite low.
Gasoline demand by EIA is quite strong this year vs. quite weak last year.
Demand in US is higher than last year. Demand in China is much higher. China flight data back to preovid levels vs. Very low last year.
SPR releases have now ended.
SPR refill starting.
Supply artificially reduced by OPEC.
Rigs count low in US, and DUCs low.
All this points to demand being highish to high and supply being lower to low.
So slightly bullish to very bullish is my prediction.
I don't see oil below 75$. I see 80 to 100 range.