Oil gapped higher at the Sunday reopen on a frozen Hormuz track and a Houthi strike, cleared its $82.82 ceiling on Tuesday, and held the break through a 17.42 million barrel build for a 4.5% week. CPI then landed in line on Wednesday and September stayed a coin flip. The dovish move arrived on the last two sessions instead, and not from inflation: a soft PPI and a Friday growth scare, retail sales down 0.6% and sentiment at 51, took hike odds under 40%. Full scorecard, the first forward Rule 16 grade, and Rule 17 inside.