 So we have oil coming up. I just want to take a quick look at the contract quite a run that we've had coming off of yesterday at $58 you get the August contracts it in a 59 44 I just wanted to take a peek at maybe some of the options that are available in here because now I don't know this whenever these contracts move so far Basel and Daydex they reset these contracts and We might be away from where these provide because realistically you'd want about 49 50 To be a contract that you'd have upward and downward exposure from where you're paying very little Intrinsic value the tens of guns Yes crude oil the August contract we're sitting in for 59 45 and so 59 So what I say 49 excuse me 59 50 would be a price that would look for where you're right next to it We've just moved so much So I'd taken a peek at it You know you always have options in here that you'd be able to purchase But realistically these price points as in you'd have exposure either from $59 or 59 75 So you're just away from you know, we've gotten such a move in oil Pretty remarkable even 57 50 early yesterday Sitting at 59 50 and we'll get those inventories. We'll see that reaction in the market when Basel I come back in three minutes folks Welcome back folks. I'm Tommy O'Brien joined by Basel Chapman this morning We got markets higher across the board SMB had peaked its head above 3,000 back under that level brief briefly jumping back to oil and we'll get the numbers as they come in Basel I'm still trying to pull them up But nonetheless you're getting an acceleration to higher prices in crude as we're now at 59 77 Guessing we might have missed that a little bit to the downside in terms of the available supply in crude for Inventories in the market spiking a bit on those numbers as I look for them and maybe we'll get them Maybe they got them in the den But either way interested because it's gonna be 60 point 28 I was wondering if it go to 60 point 29 to make the D and then maybe pull back. Yeah. Hey, it could do it man I mean, this is and yet API. I'm not even sure we can pull those up as well But it's been it's been nothing but upward action to the tune of almost two dollars 58 up to we just and it's pulling back a bit, but you got crude 59 77 was the high we're back right at 59 57 jumping back to petroleum real quick Basel The number that came in was a draw of 9.5 million barrels And the estimate was only for a draw of about 3 million barrels I chuckle a little bit because oil shaking that off and actually now lower now There's a lot that goes into those numbers in terms of demand refineries unit utilization But nonetheless, we saw a draw of 9.5 million barrels for the week The forecast was only draw three and you're sitting right now at 59 38