# Current Signal Snapshot

The latest complete signal month is 2026-05. G4 GM2 is $102.41 trillion, with GM2 YoY at 9.588.

WTI YoY is 64.288 and Brent YoY is 66.229. Comparative inventory is -6283.900 thousand barrels versus the prior five-year same-month norm, with a CI z-score of -0.294.

Using the locked GM2-only lag-5 model, GM2 from 2025-12 implies WTI YoY of 38.180. Actual WTI YoY is 64.288, so the residual is 26.108 percentage points.

Residual interpretation: oil is materially richer than the GM2-implied path. Inventory interpretation: inventories are near normal versus history, so CI is not sending a strong surplus/deficit signal. Regime state: normal_period.

Plain-English read: liquidity is the primary impulse in the model. Comparative inventory is the physical-market diagnostic that helps explain whether the observed oil move is running ahead of, behind, or against that liquidity-implied path.