| The price of oil can't seem to get above $50. But not everything about oil is bearish. No contango, no build in Chinese inventories, and chronic under-reporting of oil demand should keep oil bears cautious. I'm off to Dubai for a week of meetings, but I want to leave you with some ideas that should have you questioning the bear case on oil. I want to be clear -- I'm not a perma-bull on oil. Far from it.
I'm an investor, and a trader, looking for a trend. Energy is my chosen field right now. I don't care which direction oil moves in, as long as it moves; show me a trend. The oil price staying flat is a trend. So where is oil going? While the reality is that nobody knows for sure, there is some evidence emerging that suggests the global oil market is a lot tighter than most people believe...............................................Full Article: Source
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