The crude markets cooled off a bit after a strong spike above $80 Brent, but as we highlighted in our previous write up- we expected the price to fall back in the $73-$78 range. We still believe that $75 will be the longer running average throughout Q1’25. Heading into 2025, I expected to see a bit more weakness on the demand side, which has played out so far. But, the additional sanctions on Russian and Iranian vessels has withheld additional supply. This has been able to offset some of the demand weaknesses. There was also some support from the frigid weather, but we have a small reprieve over the next week or two before another wave of artic air hits. This supported diesel, while we saw pressure on the gasoline front with snow hitting large parts of the lower 48 states.