[dalby]

i've been a steady accumulator of oil on all weakness

i really see the downside risk in oil as much smaller than the upside potential and i like its disconnect from the equities markets.

also, a little geopolitical strife could send it soaring.

interestingly, on a longterm basis (decades), oil prices are POSITIVELY correlated with equity prices, however, the inverse is/was true in the much more recent past, which has led a lot of traders to falsely believe that lower oil helps equities, and higher oil hurts them