Oil - here comes the turn!

There’s some bumps ahead, but some major analyst calls on the oil sector indicate we may have reached the bottom.

Summary: Analyst consensus is that oil prices have bottomed and that investors should watch for a rebound in 2016, as investment banks appear to be responding to oil company writedown announcements positively. The latest round of oil calls includes nine buy calls, 10 holds and one sell.

Key take out: There looks to be volatility ahead before oil prices stabilise in the second half of this year as oil supply declines – investors should consider current trends in the oil market and read these in conjunction with analyst calls on oil.


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