Oil: Time to take another look

Oil is the commodity recording the biggest jump in recent days… here’s what may happen next.

Summary: The question of whether we’ve hit a bottom or not for crude oil is unanswerable as temporary short-term factors and sentiment overwhelm the market. But none of these can be long-term influences so the greater probability is that energy prices restart an upward trajectory at some point. Big name long-term investors are throwing more money at the sector and would hardly take the risk if they expected a sustained large fall in commodity prices from this point.

Key take-out: There is no rush but if your investment horizon is long enough and you can tolerate significant downside volatility, it might be a good time to research some beaten up energy stocks.

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