As oil prices enjoy another bull run, what do experts think will happen to the commodity during the remainder of 2016 and how is this impacting portfolios?
After a turbulent nine months, when oil prices sank from $106 per barrel in June 2015 to below $30 in February 2016, investors became more optimistic as the commodity started to rally, providing a welcome boost for beleaguered equity markets. Supply disruption and increasing global demand pushed the price of brent crude over $50 in May. But by the start of August, the market had re-entered a bear market as prices fell 20% from recent highs down to $39 as fears resurfaced about a supply glut. However, discussions between Russia and OPEC leader Saudi Arabia to "put in place joint measu...
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