(WCTW) What Does The Road Ahead Look Like?

As I'm sitting here getting to write this week's WCTW, I can't help but wonder if we are missing something obvious. Why? From everything I'm seeing:

• The oil market deficit is here. Storage draws over the coming weeks will be profoundly eye-opening.

• Iran is already back on the market leaving no supply-side surprise.

• Global oil demand, while not as strong as we would like, continues to improve and has not disappointed to the downside.

• OPEC+ unity remains in place with Saudi and Russia forging ahead with large voluntary production cuts.

So amidst all of this, shouldn't energy stocks at least trade somewhat higher to reflect the better fundamental backdrop?

Perhaps it's as simple as last week's WCTW, waiting will always be the hardest part because you just don't know if you are right or not. And while I keep looking for signs that we could be wrong, I keep coming back to the same conclusion: oil prices are going higher.

But as a former mentor of mine once told me, the long-term is comprised of many short-term events. So what does that road look like? How do we get from point A to point B?