Just caught oil bouncing back this morning after dropping to a two-week low yesterday. Brent edged up around 0.4% while WTI was up about 0.3%, but honestly the gains feel pretty muted. The real story here is what's happening geopolitically - Russia-Ukraine peace talks and Iran nuclear negotiations are both showing some progress, which is easing supply concerns. If Iran actually brings more crude back to market, that could shift the whole oil stock picture pretty significantly. The dollar staying strong is keeping a lid on the upside though, so we're not seeing any explosive moves. Everyone's basically waiting for the API inventory data dropping today and then the EIA report tomorrow to see if supply is actually tightening or if we're just getting noise. That's probably where the next real move comes from.

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