Angelos Damaskos, investment adviser at Junior Oils Trust, takes a closer look at what has driven demand for oil and whether these trends are set to continue.
Oil demand patterns have changed significantly over the last decade. Historically, the first and the last quarters of the year saw higher demand due to the cold winter period in the developed countries....
What is indisputable is the issue of 'closet trackers' has long been a serious blight on the reputation of the whole active management fund industry.
Simon Gergel, manager of the Merchants investment trust, forecasts a much tighter oil market this year and beyond, with a return to higher prices at some point.
The New Year started, as always, with a flurry of forecasts for the next 12 months. But with equity markets having one of their worst starts, a number of commentators have not had to wait as long as usual for some of their forecasts to look a touch optimistic.
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