Oil is up nearly 20% year-to-date
Is there any more overlooked asset than oil this year?
It has been written off for death with investments fleeing the industry, but oil supplies will be rapidly reduced in the coming months. OPEC + faces increasingly difficult decisions about what to do and the March decision could be the difference between $ 60 oil or a lot more.
Inflation is still a long way off the market, but an unexpected spike to $ 80 or higher in 2022 could turn the script around.
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