SocGen: Oil Prices Will Follow The Path Of Least Resistance

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Rupert Hargreaves
Published on
Updated on

During the first six months of 2016, it looked as if oil prices were back on their way to $80 or even $100 a barrel as demand surged and supply started to fall. However, over the past few weeks oil prices have erased almost all of the year-to-date gains and analysts are once again competing over who can publish the lowest justifiable price target. Source Research: Oil Is Still Heading To $20 In a research booklet sent out to clients at the beginning of this week, Societe Generale oil analyst Michael Wittner tries to explain why oil prices are now…

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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