There is a lot of pressure on authorities globally to control the price of CRUDE. It is highly detrimental to consumer spending and it could be a source of STRESS for many G10 governments.

AUDNOK is a great expression, as it has the REFLATIONARY theme and allows us to participate in any correction (price adjustment) in CRUDE. It is also at an actionable level on the CHARTS (most importantly).

This has the potential to be a good MACRO play going forward. Stops sub 6.2000