Last Updated on 9 January 2021 by F.R.Costa
After many years in bear market, oil and other energy commodities are finally performing. How far can they go? Article originally published at Master Investor Magazine October 2018 Issue 43 p. 40-45.
A few excerpts from the original article:
A strong dollar may derail an oil rally.
While there has been huge developments in the search for new clean energies to replace oil, the truth is that oil is still king, and the world is heavily dependent on it.
With the global economy still recovering and oil stockpiles at multi-year
lows, oil prices are booming. Given that
fundamentals look strong and that
late-cycle economies are usually beneficial for the energy industry, there is
still time to overweight equity portfolios with energy stocks.