Niels Jensen, CIO of Absolute Return Partners, predicts a slow but steady comeback for the oil market despite the extra supply set to come online as Iran emerges from years of sanctions.
The days of $100-$140 oil prices are most likely over – at least for the time being, unless (until) a new dynamic pops up on the horizon. Several incidents in recent years have caused fundamental changes to global oil markets. I would suggest that the most important ones are, financial crisis aside, the emergence of shale oil and gas, the rise of ISIS, and the Iranian nuclear conflict (which has, after years of negotiations, ended only a few days ago with what appears to be a promising agreement). So, what of these three and will we see lesser volatility in the price range? Iran ...
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