 So it's Wednesday, it's 10.22. Oil, a little bit of volatility so far this morning. We're trading the February contract at $60.40. We'll pull up the contracts for crude. And let's quickly take a look at, we have 60.50 with an option. And let's jump back. I'm gonna jump back and see what we're expecting here. All right. We'll go into our CLCO for global commodities. Oh, I think that's right. Will they change it again? One second. No, it's there. Yeah. Bloomberg's taking a sweet time this morning. There we go. All right. Crude oil, year to date, up 33%, not a bad trade. We'll get into the whisper. We'll find our crude number. And the market is expecting a decline between about 1.7 and 1.4 million barrels. All right. I think we have plenty of crude. That's gonna be my fundamental take no matter where we go. So with that in mind, we're only gonna go for a decline of 700. That makes sense? No. Yeah, no, that makes sense. That makes sense. Right, that makes sense. All right, so it's gonna be a little bit more oil than the market might expect it. That's right, that's right. We're gonna get up on our rank. We're number seven, now we're number 36. That's right, I wanna put it in because they make you put these. So the whisper number is, the Bloomberg Turnable Whisper survey number, media and analyst estimate, jumping back to the charts of where we are right now. So you have the contract trading at $60.38. See what kind of volatility. I'm just gonna jump right to the noons and see how they factor out. Ah, that doesn't have, that has 60.25. You're 15 pennies away. Let's jump to the 230. See if we can get a 60.50. Here we go. So $60.50, we got $3 to the upside and we have exposure till 230. All right, let's see what kind of volatility they're gonna make us premium. They're gonna make us pay for for this trade. Getting it on the bullish side, you're gonna be able to buy it at 60.70. Now the contract's trading at 60.37. It's just trading at 60.40. So you're buying it almost 30 pennies above the market. But you're only risking $20, not bad. Your profits are, your risks cut at 60.50. You have profit potential up to 63.50. And pretty similar trade on the bear side, $3 potential. Now in this one, you're gonna have about 10 to 12 pennies of intrinsic value in there. You would be selling this contract and that one's gonna run you. Pretty comparatively, the only difference in these two contracts is the intrinsic value that you have on the bearish side because it's under that 60.50 point. Look at $52, which is about 52 pennies. Not that bad for a market that's jumping around with keeping in mind you have $3 of potential and you have exposure until 230. Right. And it seems not that $60 is the magic number, but bottom line is that a hard time cutting through the $60. So yeah, it's been hanging out there for a little while. Right, right. It has. Yeah, you can get a make or break. Oh, this is cool. Mr. Bill told us, okay, API reported a bill to 4.7 million. Maybe I should go revise that, I guess, to a bill versus. Thanks, though. Yeah. That's crazy. That is crazy. So the numbers are locked in. This is skewed, man. We're at a decline of 700,000. The market looking for a decline of 1.7 to 1.4. But it's always interesting when the API is so far away from what the analysts estimates are looking for in that number. Seven SAPs are up. One and crude. What do we got here? Crude fell 1.09 million barrels. So under the analyst estimate, above where we kind of put it, but still a decline in the inventories and gas, as before we jump around, pretty much pegged it as well, an increase of about 2.5 million barrels, jumping back to the charts, seeing how that market is reacting right away, a little bit of a pop, man. Pretty interesting. Right up to $60.70. Quick 20. We have more oil. No, it's the other way, isn't it? Right, it's less of a decline. Yep. So there's more of a supply than the market may have thought. Right. And usually that wouldn't be lower prices because the market's flooded with supply. People might pay a cheaper price if there's more supply. So maybe the market was kind of hinting towards, like Mr. Bill was saying in that 10, with the API coming in at 4.7 million barrels, market's saying, oh, we still got a decline, man. And boy, we might see $61 crude in a matter of seconds right now. Yeah, 60, like 60.87. 60.87, that's right. And the contracts we were looking for had a pivot point of about $60.50. So just kind of line up, this would have been your bullish spread, right? They were going to cost us about $52. Now, what's always interesting here is here's the bullish spread. You could always, if you wanted to, close out that trade, take your $40 right off the table. You're still in it for about $9 if you really felt that was going to pull back. Yeah. This contract stays active. Now, what's really cool here, just keeping, even with the bid offer spread, which is why this is a cool trade, you could close this out right now almost and get your money back if you didn't like what happened. You're looking for a bigger, I mean, there's still, you know what I mean? You could look at both sides, 45, bare sides, $5, $50. You're paying some commission, so yeah, you lose a couple bucks. But just cool to keep in mind there, maybe you're playing that just for a huge miss. Maybe you're playing it saying, you know what, man, I think API, I think it's going to come in with a build of like four million barrels. And you'd go, ah, it didn't quite come in where I thought it would. Right. But boom, as we speak, $61 in the price of February, crude, man. And I think the day, let's just Saudi's are popping some champagne at the Aramco offices this morning. No doubt, you know, and they got that to two trillion too, yesterday. It might be higher with $61 crude this morning. Exactly. And now this is going to be a delayed quote, folks. So I just want to see what the high was of the day. 61, 48, oh, we're, oh, 61, 48 was the high of the Saudi blow up. Okay. And to be fair, that is the market open, I believe overnight that spiked to $62, $63 even before that opened on that day. Okay. Yeah. It's a very short-lived high though, very short-lived. The Saudi fields got attacked, market spiked, and then everybody said, hey, man, we got plenty of oil no matter what. No doubt. And the XLE is not following it. You know, you're up a few pennies, but the XLE in general just is still a laggard out here. Just checking back real quick because it's going to move in. Strong. So everyone, box on the dot. We'll see where we will check back in throughout the hour.