Who else thinks that crude oil will raise?

https://www.bloomberg.com/news/arti...g-that-oil-will-soar-to-a-record-200-a-barrel

Given the news from China and the article above, it sounds indeed like a valid assumption that crude oil will jump before Christmas.

Any opinions on that?

 

Yeah, cot swap positions and EIA production/demand data have been implying bullishness since early August,

 

If we break above 80, my bet is next stop is 120.

 

i'm happy to have a read a well-written article several months ago describing a confluence of factors that would likely cause a jump in not only energy prices but also inflation around the end of the year. it's been a volatile trade but seems to be picking up steam now

 

when the price has already gone so high, you will see many reports
which says the price will go even higher

so don't read such news.
do your own analysis

 

Dollar will rise this week, sending oil lower coupled with worsening outlooks.

 

I wrote an article a while ago that explains the oil market and the dollar to some extent. It was a very popular article and I got a lot of ggod feedback from it. You can read it at the link below.

https://morganisteconomics.blogspot.com/2011/02/how-will-middle-eastern-unrest-impact.html?q=oil

 

What's the best way to play that market without investing in an oil contract future$$$?

 

if you can predict the direction, the best bang for your buck is XLE options.
This post right here, of course I get no thank you's.... but this one tripled one's money if they listened.
....Tripled.
As in turning $10K into $30K.
In a month.
XLE closed yesterday at $56.57
try that with Bitcoin.
https://www.elitetrader.com/et/thre...s-president-flees.360924/page-93#post-5445337

 

I'll check it out further.
Oil is trading for 56.57 and a call option at 57.oo for 31Dec is 3.15 / XLE.

It seems like a safe bet if it rises just a bit more with the winter arriving.
Gas prices often rise this time of the year when they transition from summer fuel to winter fuel.