Because when a commodity gets written off by everyone as much as Oil has and did and you see Billions cut from investment combined with supply cuts from OPEC the first in a long time combined with the worlds biggest IPO being the Saudi State Oil I can see plenty of reasons for Oil to suddenly surge back and make one final hoorah before truly beginning its long term decline
Coal was a similar forgotten commodity and ended up being the best performer of 2016
BDM Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held