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Why Jeff Kilburg Is Bullish On Crude Oil

Jeff Kilburg spoke on CNBC's "Futures Outlook" about reasons why he wants to get a long position in crude oil. He said the U.S.

Benzinga · -

Jeff Kilburg spoke on CNBC's "Futures Outlook" about reasons why he wants to get a long position in crude oil. He said the U.S. dollar weakness is attracting assets in the crude oil and he sees the current relationship between supply and demand as favorable for a higher price of crude oil.

Kilburg believes crude oil is tethered to $40 and he wants to buy the September contract at $39. His price target is at $41 and he placed a stop loss at $38.