Is this speculative oil bubble about to burst?

Tom Kloza thinks the 'tremendous speculative bubble' around crude could burst in a matter of weeks "due to changing demand dynamics and swelling global markets".

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Well, he is said to have called the collapse of crude in 2015...

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With everyone calling all kinds of crazy prices, Kloza may be spot on (again). JP Morgan just called $78 oil next week I think. But surely there's a bigger inventory build coming that will dampen this party. 

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It would make sense, what with bullish bets at all-time highs. 

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