I see global political, economic and military forces lining up to ignite a war in the Middle East which will have the “side effect” of closing the Persian Gulf to oil transportation. Look at how many global players would like to see cheap Saudi oil cut off, and oil prices spiking upward.
That’s what my crystal ball says. War in the Straits of Hormuz.
I see far more buyers than sellers of crude oil in the OCED.