If you’re reading this, I assume you are already bullish on oil. Or at least intrigued by the upside possibility. And why not? There are three reasons crude may continue to crescendo.
First, we have the Middle East situation… ‘nuff said.
Second, it is increasingly looking like the Federal Reserve is cutting rates sans the usual impending recession. Rather than a hard or soft landing, it looks like we will see “no landing” at all in which the economy continues to grow.
Third, China recently started throwing everything including the kitchen sink at its own economic woes.
This post originally appeared at Contrarian Outlook.