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Barchart
Barchart
Don Dawson

Crude Oil Breakout Backed by Seasonals, Technicals, and COT Report

As gasoline refiners (commercial traders, smart money) begin accumulating crude oil for the 2026 summer driving season, they are navigating a market defined by falling crude prices, shifting consumer behavior, geopolitical events (Iran and Venezuela), and regional capacity constraints. While the traditional ramp-up toward Memorial Day continues, macroeconomic factors and seasonal weather events are reshaping spring refinery strategies. 

Macroeconomic and Market Drivers

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