For insiders looking to build their wealth, the recent rise in crude oil prices presents some intriguing opportunities. With WTI crude holding firmly above $75 per barrel, contrarians are eyeing ways to cash in on the upswing.
The rebound has been driven by resilient demand signals like falling U.S. crude inventories and a tight labor market. While geopolitical tensions simmer in the Middle East, the market seems more focused on economic strength for now.
But savvy insiders know that every major life event - from inflation spikes to military conflicts - creates wealth building prospects for those positioned correctly. Here are some wealth building ideas insiders are discussing around higher oil:
Energy Income Streams
With oil majors and MLPs set to generate increasing cash flows, insiders are looking at adding new income streams. Dividend growth stocks and high-yielding master limited partnerships could provide a gusher of distributions.Strategic Oil Plays
Some insiders are recommending speculating more directly through futures, options or oil ETFs like USO. Added risk, but could be a big crude awakening for their portfolios.Ancillary Profit Gushers
Don't discount the ripple effects across industries like oilfield services, fracking suppliers and even economic boosters like railroads and truckers if higher prices spur more production.Black Gold Real Assets
Boldest insiders are looking at taking possession of real oil assets themselves through barrel acquisition programs or even mineral rights/land banking.
The key for wealth builders is recognizing that every macro shift - whether driven by wars, regulations or pure economic cycles - creates new profit gushers for the insiders positioned correctly. The current crude rally is no exception according to those in-the-know.
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