Mtg purchase apps, housing starts and permits, Saudi pricing vs benchmarks, oil inventories

Covid dip, recovery, and now a decline:

Covid dip, recovery, and now sideways at levels of some 25 years ago when there were a lot fewer people:

Through June,
Saudis caused the big dip and recovery, then attempted to stabilize.
The most recent Reuters report suggested price increases vs benchmarks,
which is a move to firm prices over time: