Multiple Factors Suggest A Contrarian Trade In Oil

Regular readers, god bless them, will be aware that I am a bit
of a contrarian. Most dips are buying opportunities to me and
commodity rallies result in my cursor hovering over the “Sell”
button. It will come as no surprise to them, therefore, that with
WTI rallying strongly in the last week and currently trading up
around $50, I have been looking for a reason to sell. There are
reasons for the run up such as the disruptions caused by Hurricane
Harvey, but they are short-term in nature and the fundamental
long-term reason for oil’s…

Regular readers, god bless them, will be aware that I am a bit
of a contrarian. Most dips are buying opportunities to me and
commodity rallies result in my cursor hovering over the “Sell”
button. It will come as no surprise to them, therefore, that with
WTI rallying strongly in the last week and currently trading up
around $50, I have been looking for a reason to sell. There are
reasons for the run up such as the disruptions caused by Hurricane
Harvey, but they are short-term in nature and the fundamental
long-term reason for oil’s…