ON SPECIALIST MARKETS
Energy stocks could see up to 50% upside over the next three years, according to Guinness Asset Management's Tim Guinness, supported by the high price of oil.
International Energy Agency cuts 2011 forecast by 200,000 barrels and 2012 estimate by 400,000, although price not expected to collapse.
Guinness Asset Management has labelled recent intervention in oil markets by the International Energy Agency (IEA) as a one-off and predicted it will not take similar action in future.
The oil price fell by $6 after the International Energy Agency (IEA) said it would make available an extra 60m barrels.
An OPEC dispute over whether to raise oil production levels has sent oil prices soaring to $117.8 per barrel.
We are actively seeking exposure to the media sector.
As a result of the credit crunch, the UK and other parts of the world are facing major structural changes. UK economic recovery will be muted and two-thirds of earnings will come from overseas. So which sectors will perform the best in 2010?