The news. The narrative. The timeline.
Five percent up to $114, the highest Brent print since mid-2022, against an OPEC+ June supply add of 188,000 barrels — the market is pricing transit, not volume.
AAA national average held at $4.457 Monday — eleven days after the Energy Secretary said prices had likely peaked, with Tennessee crossing $4 for the first time.
April Eurozone inflation rose to 3.0% with energy up 10.9% — the ECB's March projection assumed a glide back to 1.9%, and the print breaks the glide.
Powerplant capacity plus the larval-trigger study sends Flaming Gorge to 8,600 cfs while Lake Powell could fall below the 3,490-foot minimum power pool by August.