The Contrarian Investor: Is the great oil crash really over?

Memo to OPEC: Job done?

Is that it? Is the great oil crash of 2014/15 really over as Brent prices crawl back above $55 a barrel?

All eyes are now on the OPEC summit in June, where we can expect trebles all round as the assorted energy ministers congratulate themselves on having taught those pesky Americans a thing or two about markets. In sum, job done. My sense is investors need to think long and hard about what could happen next to oil prices as they shape their investment decisions in 2015 and beyond. Obviously most of us are fixated on the impact of oil sector dividend payouts, but the knock-on effects of this massive global shift will ripple throughout the vast expanse of the UK stockmarket. As I predicted on...