I've been getting long crude since Mid April. Got stuck in the USO, then switched to brent and only recently recovered my losses. Class action and government investigations against USO are ongoing last I heard, but not sure I'll recover much if anything. Still long brent futures. Still looks cheap in my opinion. Chart has been more bullish than S&P. What's your view? Where do you think we'll see brent in the next year or so? Do you like WTI more? If so why? Pre-pandemic brent was in the 60's and 70's. War in middle east might push it up. Trump and his allies might start something with Iran since he's behind on the polls, would be more likely for him to the give ok to his allies or create some trouble on his own. Very dangerous these next few months. There are tensions still in Iraq with Iran supported groups. I think there is a 25-50% chance something will happen, though not sure how that will necessarily impact oil, since last time there was tension and missiles even fired at a US base nothing much seemed to happen in oil price. Hopefully nothing bad will happen but if it does it's better to be well positioned. Iran is also heavy on natural gas, not sure how that might get impacted by a war. Straight of Hormuz is a significant lifeline of oil I believe, not to mention Iran's ability to hit oil production of US allies in the region. Vaccine would likely push oil up quickly. To me it looks overall still bullish on oil. Might be some jitters to the downside along the way but it looks strong in the long term as an investment. Do you agree? Target price 70?