Oil prices flip-flop between being in a bull or bear market rather frequently. Last year, a bull rush following Russia's invasion of Ukraine sent oil into the triple digits. It has been all downhill since then, with crude getting cut by a third over the past year. 

While oil is currently in a bear market, a bull market is coming. Here are three reasons why now is a great time to buy shares of Devon Energy (NYSE: DVN) ahead of the next oil bull market.

The International Energy Agency currently expects oil demand to grow by 2.4 million barrels per day (BPD) this year to an average of 102.3 million BPD. That's 400,000 BPD higher than its April forecast, fueled by record-breaking Chinese demand and strong demand in India. 

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Source Fool.com