Schnabel's remarks keep a further ECB rate hike nominally on the table even as markets increasingly doubt one will follow the July 22-23 meeting. Her focus on elevated crack spreads, sticky core inflation and lingering supply chain pressure signals the ECB is wary of reading too much into the recent oil price retreat. Wunsch's more relaxed tone, by contrast, points to a widening gap within the Governing Council over how much weight to give the easing energy backdrop. With traders already paring