RE:WTI Forecasts 22-23all that wont matter if virus lockdowns asia and recession europe and slowdown here. its risk off, oil down $30 in a week from temporary 130 peek. Nutall might dare to dream but if we get a global recession or even slowdown, oil may be back at 75 in 2 months. Does that change the 2-3 year picture or longer? not sure but follow on effects and self fulfilling prophecies can last, plus there's inflation and inverted yield curve risk of recession on top of that, slolwing earnings etc. ETF flows today big pension fund are selling index etfs to be more defensive (no doubt, with +200% in a few years on indexes) that means everything goes down which is pretty much what we see now.
The commodity and energy uptrend is porobably years if the economy doesn't tank. If there's a global slowdown next few months who knows but my guess is that will break it