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Commodities Briefing - Categorized | Commentaries, Investment, Oil more

Oil looks cheap, but is it time to buy?

Posted on 29 December 2008

From Moneyweb.co.za: A flight into cash during the credit crisis has helped drive oil and other commodity prices down so steeply that they are a potential “buy” for pension funds with a longer view. But timing is everything.

“People are sitting on cash — big lumps of it,” said Mark Mathias, chief executive of commodity fund manager Quantum Asset Management. “Everyone is worried about when to go back in. Long-term, oil is cheap, but who knows where it goes in the short term.”….. Full Article: Source


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