The last bearish overhang for crude — Venezuela — is now gone. Why one trader says oil will follow in gold’s footsteps.

Underinvestment in the energy sector is a big reason to bet on oil, says Kevin Muir. - Getty Images Roughly a year ago, U.S. crude was marching toward $80, but it’s been barrels down a hill since then. Based on a recent poll of dozens of analysts and economists by Reuters, the average forecast for oil prices CL00 sits at $58 a barrel for 2026, not far off current levels, amid an ongoing a supply/demand imbalance. Most Read from MarketWatch But last year also brought commodity surprises, such soaring pr ...