Why I'm bullish on energy for Q2

Three reasons I'm overweight energy heading into Q2: **1. Inventory draws are accelerating.** The last 4 EIA reports have shown larger-than-expected draws. This is the strongest signal for crude in 6 months. **2. OPEC discipline.** The Saudi-led production cuts are holding. No signs of cheating from member states. **3. Demand recovery in China.** Industrial production data is finally turning. Diesel demand is up YoY for the first time since 2024. I'm sized in $XLE, $XOM, and $CVX. Looking to add $OXY on any pullback to the 50-day. Risk: a meaningful recession would derail this thesis. Watching jobless claims weekly.