Oil Prices Will Remain Weak For The Foreseeable Future

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Rupert Hargreaves
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Updated on

According to a research note published by UBS at the beginning of this month, the oil market is starting to show some signs of strength as demand ticks higher. Nevertheless, additional supply will keep prices depressed for the foreseeable future. Demand growth UBS picks up on data from the International Energy Agency. The IEA has raised its 2015 oil demand growth forecast by 0.3 million barrels a day, to 1.4 mb/d, from the previous estimate of 1.1 mb/d. This revision has been driven by a stronger than expected economic recovery, coupled with colder weather. However, while the IEA is more…

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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

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