Thanks. Short term top call though...to be clear.  Seems likely to go higher although crude bulls have to worry about the Biden Admin turning on the SPR bazooka again just like they did right before the midterms. I think it's too early though and they're keeping powder dry until the election is closer (vote buying strategy = don't fire until you see the whites of their eyes).  This chart also suggests higher for the energy patch, but keep in mind that Trump years were not great for XLE (increased supply) and it ran with Biden (large constraints on supply...although it increased on a nominal basis).