Oil up nearly 20% year-to-date

Oil up nearly 20% year-to-date

Is there a more-overlooked asset than oil this year?

It's been written-off for dead with investment fleeing the sector but oil inventories will be rapidly drawn down in the months ahead. OPEC+ will face increasingly tough decisions about what to do and the March decision could be the difference between $60 oil or much more.

Inflation is still way off the market's radar but an unexpected spike to $80 or higher in 2022 could flip the script.

h/t @TaviCosta.