Over the past 12 months, the price of oil has been on a tear. After bottoming at a low of around $30 per barrel towards the end of 2016, Brent has since recovered to trade above $80, up more than $20 a barrel year-on-year.
Q3 hedge fund letters, conference, scoops etc
Rising prices have been a boon for oil investors. The industry has seen profits surge off the back of the oil price recovery. Rising prices have only been part of the equation. Over the past five years, oil companies have rushed to slash prices to cope with the oil price downturn. Companies are now benefiting from the double tailwind of rising prices and lower costs, resulting...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
