Oil

We will talk about energy markets another time. I have something else I need to share with you.

Today, we honor those who have made the supreme sacrifice to allow the rest of us to live the kind of lives we do.

For me, personally, this is a very tough time of the year. And it is all coming back to me this morning.

It's prompted me to think about my time on the front lines of the Cold War and its aftermath, while walking in what these days feel like another guy's shoes.

I was then playing "The Great Game" of geopolitical conflict as a profession; a game with some very high stakes. A game that helped make me who I am.

Thinking about those days brought back the faces of people who helped shape me. I owe them my life. For a few, that debt is a very literal one.

And that, you see, is what makes this time of year so difficult for me. Because this week, May 31, marks a bittersweet anniversary.

The oil sector is buzzing with rumors at the moment, and, as usual, the financial news channels have absolutely no idea how to handle it.

One day, they'll be talking about OPEC abandoning its oil deal and letting oil prices fall.

The next, they'll be all over a drop in stored U.S. oil driving prices up.

You'd be forgiven for not knowing what on Earth is going on and thinking you should just stay out of the energy market altogether.

But nothing could be further from the truth. In fact, now is a great time to get in. You see, there's a reason why oil prices nosedived so fast recently...

And why they're recovering at record speed.

The OPEC production cut is up in the air ahead of the OPEC meeting this week.

The oil cartel will meet Thursday, May 25, in Vienna, and oil prices could rise 7% by mid-June if OPEC renews its oil production cut agreement.

What a difference a few days can make for oil.

Earlier last week, oil was drifting down under the weight of doubts about the rumored OPEC oil deal. Then, on Wednesday, several OPEC oil ministers announced that they'd agreed to cap production.

Almost instantly, U.S. oil prices shot up 6%. But come Thursday, the enthusiasm had waned, as traders actually looked into OPEC's oil deal... and didn't like what they saw.

Now, as with any supposed deal between countries that are at each other's throats, the devil will be in the details. That's certainly the case here.

But analysts' reports calling OPEC's announcement a complete failure are wide off the mark.

So today, I'm going to walk you through the details of this plan...

The bout of 2016 oil bankruptcies is not about to disappear soon.

Kent's oil price prediction of mid-$50s by the end of this year is holding firm. Two new signals are supporting the gradual uptrend.