Here's What's Really Pushing Oil So Much Higher Now

My regular crude oil price forecasts are usually accurate. There's no secret; I've spent three decades in the global energy sector, so there aren't too many market surprises left out there for me.

And of course, it's always better to take a conservative approach when you're doing things like forecasting the oil markets.

Big News: Energy's "Holy Grail" is 1,693x more powerful than gasoline. Click here for details...

Nevertheless, occasionally situations like those we're experiencing now - purges in Saudi Arabia, a collapse in Venezuela, a debt spiral in the United States - arise and necessitate that I revise my forecasts upward.

It's a pleasant surprise, because it means bigger "long-side" profits ahead...

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That surprise is just what happened earlier this week, as West Texas Intermediate and Brent rocketed through my Dec. 31, 2017, targets to make two-year highs.

Now, the pundits, some of whom have been making oil profits "on the short side" (they don't have to disclose their short positions), are scrambling to find out what happened.

Remember, these are the guys who've been saying "Oil's going to stay lower for longer" for the past three years.

So China Global Television Network invited me onto its "Business America" program to explain exactly why we're seeing such robust strength in the oil markets today. Here's what I had to say...

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Here's What I Couldn't Say on Television

Global geopolitical and market events like the ones I just described are contributing to a kind of "perfect storm" in crude oil that makes this potentially high-profit move possible. In fact, it's been 10 years since I last saw this happen, and now every piece of the puzzle is in place.

You see, I believe the market is correcting, and prices will continue to move higher - though not in a straight line. That's the key: These moves could help deliver up to nine times the money over the next 60 days. Click here to see how.

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