Oil prices could rise in the months ahead and the price fall seen in the wake of OPEC’s Vienna meeting may be a buying opportunity, experts have said.
The first quarter has proved lucrative for the gargantuan oil companies of Exxon, Chevron and BP. But are their fortunes purely macro-driven or are there other reasons for investors to reconsider the sector?
The current acceleration of the world economy should normally boost demand for oil. However, the price of the ‘black gold’ has bounced up and down of late, dropping by more than 10% in the second half of April.
Norway’s sovereign wealth fund should increase its allocation to equities to 70%, the Norwegian government has recommended to parliament.
BlueBay Asset Management has launched the Global High Yield ESG Bond Fund, incorporating the ESG policy used by Norway’s oil fund.
2016 has been a good year for commodities. Year-to-date, the FTSE World Mining index is up just less than 56% in dollar terms, while the FTSE oil and gas index is up just less than 20%.
OPEC’s surprise deal to cut production agreed this week caught most investors off guard, but is it just another small bump in the road or a serious threat to portfolios?
Conventional wisdom suggests an oil glut is keeping the price of the Brent Crude down, but who’s to say that the recovery story will not continue?
Investors have again started looking at increasing their exposure to commodities this year. However, the asset class has delivered mixed results so far.
The correlation between oil and US high yield markets broke down in July, indicative of a shift in the focus of the sector.