04.07.2016 - Oil prices likely to rise to US$60
In the latest in our series featuring fund managers and leading market experts, Mr Tom Nelson, head of commodities and resources at Investec Asset Management, gives his outlook for the volatile oil and commodities market. Investec is an investment management company that started in South Africa in 1991. It manages approximately US$109 billion (S$148 billion) for clients all over the world. Oil prices plunged to a 12-year low of US$27.88 per barrel in January this year before recovering to US$50 per barrel in June...............................................Full Article: Source
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