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Strategist: 'Oil Single Best Commodity'

Oil prices hit short-term highs Monday with investors wondering if the rally had legs.

According to John Stephenson, author of "The Little Book Of Commodity Investing” it does have legs - long legs.

He says oil isn’t only going higher – it’s going much higher. He expects it to test $147 within the next two years.

”The whole Street has completely missed the oil trade,” he says. “This is the single best commodity to be in.”

Want to hear his thesis? Watch the video now for our entire conversation with Stephenson. !



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Trader disclosure: On November 29, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL), (BX), (BAC), (NOK); Finerman owns (AAPL); Finerman and Finerman’s firm owns (BBY); Finerman owns (BAC); Finerman owns (BKS); Finerman and Finerman’s firm owns (BP); Finerman’s firm owns (CMVT); Finerman owns (KFT); Finerman and Finerman’s firm owns (JPM); Finerman’s firm owns (MCD); Finerman’s firm owns (WMT); Finerman and Finerman’s Firm owns (MSFT); Terranova Owns (UPL), (C), (PEP), (VRTS), (GS), (OXY), (OIH), (AXP), (FCX), (AAPL), (POT), (NKE), (MCD), (IBM); Weiss owns (FDX), (UPS), (BWC); Pete Najarian owns (PFE); Pete Najarian owns (BAC); Pete Najarian owns (MS)

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