The Oil Buffer Is The Trade… And It’s Being Eroded

The Illusion of Oil Stability

Oil looks stable on the surface. The setup is anything but.

Underneath, the market is leaning heavily on inventories as the last line of defense. As long as those buffers hold, things look contained. But this is one of those setups where stability can flip quickly, not because of what we see today, but because of what’s quietly being eroded in the background.