Opinion: The two key risks driving the oil price in 2018
The return of risk premium
Richard Robinson, fund manager of the Ashburton Global Energy fund
At the beginning of 2017, we predicted that strengthening fundamentals would drive the oil price to near $60 a barrel by the end of the year. While our expectations were met, the market proved reluctant to react.
It took the oil price until the end of June to react to the rapidly improving fundamentals and it took the stock market until the end of August to start its ascent. However, looming risks to the global...
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