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Oil Price – Coming along nicely – but it’s only the start: FYB with oil shares!

By Peter Brailey | Tuesday 12 October 2021


 


The oil price is panning out largely as I expected when I last drafted on this matter back in March. We are now at $84 as I type, compared to the $67 when I last commented. I saw a high probability of $100 by year end, and so far, I see little to change my mind. Oil and Gas equity prices lag the commodity prices, and oil lags gas. I see real opportunity here, but not without some downside risk.

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