Oil Update: Markets sold a dummy?

Thomas Schoenmaker

Wentworth Securities

Since the lows in Jan 2016, WTI Crude has risen +48.5% and Brent Crude +54.5%. Partly driven by a drop in US shale production, renewed appetite for risk following the "blues" of January, and smoke and mirrors from OPEC. From here though, when you look at the detail surrounding OPEC, and the massive oil stockpiling in China, the risk looks back to the downside, as fundamentals catch up with hype. (VIEW LINK)

2 topics

Thomas Schoenmaker
Director and Head of Wealth Management
Wentworth Securities

Tom is a Founder and Head of Wealth Management. For the past 10 years, he has been running the Wentworth Model Portfolios, focusing on macroeconomics and tactical equity positioning. These portfolios were initially created as a solution for "core...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment