Supply fears exaggerated

Supply fears exaggerated

Published on 25 February 2011

Benchmark light crude prices excluding WTI have trended higher of late driven by the revolutionary atmosphere in North Africa and the Middle East. While the risk of a major supply interruption has clearly increased in recent weeks, we believe such an event would be short-lived. Near-term, Brent could easily exceed $120/barrel but a softening trend or even a ‘death spiral’ is looking increasingly likely once the revolutionary fervour in the Middle East is satiated.

Download PDF


The third pillar

Continue Reading

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free