Gulf States Oil Gamble Pays Off

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Rupert Hargreaves
Published on
Updated on

Over the past few weeks, the price of Brent crude has spiked to $60 a barrel due to rising tensions in the Middle East and improving fundamentals for the oil market. As I reported last week, low oil prices and the growing global economy have helped push oil demand to a new all-time high. Meanwhile, the current level of demand growth -- 1.6% -- is 50 basis points higher than the long-term average of 1.1% recorded over the past two decades. [dalio] Oil inventories are also falling fast. At the beginning of October, OPEC Secretary General Mohammed Barkindo told reporters that during...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk