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Oil Price – 2021 outlook update: $100 on the cards

By Peter Brailey | Friday 5 March 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

It was only some 11 weeks ago (a few days before Christmas) I put views down on my view of the oil price outlook for 2021. In normal times I would not expect to update my views after such a short time – but I do today. I now see significantly higher pricing and I think this benefits articulation. I also refer to the passing of an old family friend – Ahmed Zaki Yamani.

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