Summary In this piece, I decided to tackle some recent oil-related data that shows a continued recovery in the market. Prices aren't responding, but the underlying data suggests the recovery in the market now is real. I anticipate further improvements moving forward that will prove bullish for oil investors. Another week, another set of mostly good news for oil investors. Even though market participants right now appear to be mostly bearish or, at best, neutral regarding oil, bullish data continues to hit us on an almost weekly basis. In what follows, I will dig into some of these numbers and give my thoughts on why, right now, we could probably justify higher energy prices than what we are currently seeing. Inventories took a tumble *Created by Author In my mind, the single most important thing right now for the oil market is what inventories stand at. ...
Oil: This time it's different
