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As global oil demand recovers, global product inventories will drain at a faster pace forcing refineries to play catch-up.
This will result in higher product prices leading to higher crude prices. WTI is also on the verge of possibly breaking above $67, which puts $76/bbl as next technical target.
Similar set-ups are happening in energy stocks. If the narrative is correct over the summer, then energy stocks are primed for a large move higher.