Oil just bounced back from those two-week lows on Wednesday, up 0.4% with Brent sitting around $67.64 a barrel. WTI gained 0.3% too after both took a hit yesterday. Watching this oil stock movement, the main story seems to be easing geopolitical pressure - Russia-Ukraine talks are progressing and there's chatter about US-Iran nuclear discussions potentially opening up more Iranian crude supply down the line.

The rebound's being held back a bit by a stronger dollar though, and everyone's waiting on those Fed minutes from January to see what's next. But honestly, the real focus now is the inventory data coming out - API report today and then the EIA tomorrow. That's where the next move in oil stock prices could come from.

It's interesting how quickly sentiment shifted on the supply disruption fears. A few weeks ago people were worried about tight supplies, now if these peace talks actually lead somewhere, we could see more crude hitting the market. I'm keeping an eye on how the oil stock reacts once those inventory numbers drop.