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What Middle East Tensions Mean for Oil Prices & Equity Portfolios
August 19, 2014 at 19:00 PM EDT
With turmoil in the Middle East dominating headlines, many investors are wondering what the recent and growing unrest in the region means for oil prices and for equity portfolios. In my new Market Perspectives piece, “Oil’s Precarious Balance,” I provide my take: While I certainly can’t predict the outcome of events in the Middle East, oil prices are likely to remain toward the upper end of their recent range for the foreseeable future given current supply and demand dynamics. Even without a sustained spike in oil prices, there’s a strong case for sticking with energy stocks simply based on valuations. First, here’s a quick look at my expectations for oil supply and demand. Currently, oil prices remain elevated because global demand has continued to climb, despite slower growth in China, and supply overall has been unexpectedly constrained by both geology and geopolitical unrest. Looking forward, oil supply is likely to […] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
With turmoil in the Middle East dominating headlines, many investors are wondering what the recent and growing unrest in the region means for oil prices and for equity portfolios. In my new Market Perspectives piece, “Oil’s Precarious Balance,” I provide my take: While I certainly can’t predict the outcome of events in the Middle East, oil prices are likely to remain toward the upper end of their recent range for the foreseeable future given current supply and demand dynamics. Even without a sustained spike in oil prices, there’s a strong case for sticking with energy stocks simply based on valuations. First, here’s a quick look at my expectations for oil supply and demand. Currently, oil prices remain elevated because global demand has continued to climb, despite slower growth in China, and supply overall has been unexpectedly constrained by both geology and geopolitical unrest. Looking forward, oil supply is likely to […]
