Knew this was coming. I wasnt real liquid at the time but I was going to buy some USO. It is not the best way to play it but I do not engage the futures markets where the real play was.

It was common sense that, at some point, the supply glut would reverse. OPEC and Russia werent about to decimate their economies to maintain low oil prices especially after Russia crushed the Saudis.

The mainstream idea that oil is dead and that peak oil (demand) was reached is false. There will be a lot of oil consumed over the next decade.

Oil will end up kicking off a commodity boom that will last into 2024. It is a little early so I would expect a pullback in it before the true run up starts.

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