This is entirely possible. The Houthi's have upped their missile...

This is entirely possible. The Houthi's have upped their missile program and are now targetting Saudi oil infrastructure and even fired a missile at a Saudi oil tanker. You only have to surmise what would happen to the oil market if one of these missiles hits. ( you go to your supermarket and buy as much as you can )

In the meantime basic fundamentals are taking oil higher following minimal E&P capex over the last 4 years. Senex has put the hard yards in and are set to become a very big earner.

Oil and gas go up. The oil bears are hibernating.

ps And the US dollar keeps falling.