Energy Markets (i.e. Oil) Remain Compelling

“Short term, many economists think crude oil prices will decline from current levels. A consensus forecast of U.S. economists released this week called for crude oil to fall back into the high-$30 a barrel range next year from the $50 a barrel level we now experience. While the consensus of economists might be right, we think the energy markets will stay stronger than many analysts expect.”

Safe Haven
Interesting is the graph on distilates.