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Beyond Gold: 4 Reasons to Think Energy
May 03, 2013 at 21:00 PM EDT
By Russ Koesterich, CFA iShares Global Chief Investment Strategist While the selloff in gold has dominated headlines lately, another commodity – oil – has also experienced price declines in recent months. The main US benchmark for crude prices is down roughly 5% from a February peak. But despite this drop, here are four reasons why I’m still a fan of energy stocks [for more ETF analysis, make sure to sign up for our free ETF newsletter]. The Outlook for Oil Prices: While the price of oil has slid in recent months, it’s starting to inch higher and is currently up significantly from its April low of $85 a barrel. Looking forward, given that expected growth in oil demand is in line with likely new production, I expect oil prices to remain in a stable range between the high $80s and the mid $90s absent a Middle East supply shock, which would arguably drive [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
By Russ Koesterich, CFA iShares Global Chief Investment Strategist While the selloff in gold has dominated headlines lately, another commodity – oil – has also experienced price declines in recent months. The main US benchmark for crude prices is down roughly 5% from a February peak. But despite this drop, here are four reasons why I’m still a fan of energy stocks [for more ETF analysis, make sure to sign up for our free ETF newsletter]. The Outlook for Oil Prices: While the price of oil has slid in recent months, it’s starting to inch higher and is currently up significantly from its April low of $85 a barrel. Looking forward, given that expected growth in oil demand is in line with likely new production, I expect oil prices to remain in a stable range between the high $80s and the mid $90s absent a Middle East supply shock, which would arguably drive [...]
