Get Ready To Pay More For Oil, Says CLSA’s Chris Wood

Get Ready To Pay More For Oil, Says CLSA’s Chris Wood

That’s according to Chris Wood, chief equity strategist at CLSA. “While a further spike in oil prices to the $120-150 level would ultimately contain the seeds of its own destruction by destroying demand, it would do a lot of damage in the short to medium-term,” he said in his weekly investor note ‘Greed & Fear’.

Crude oil reality for Indian investors

Crude oil reality for Indian investors

India’s energy sector is affected by swings in crude oil prices, since the country is a major net importer of crude and gas. The domestic energy sector is also subject to major government interference of a type that causes poor financial performance. Primary producers like ONGC and OIL are not allowed to maximise profits when prices are hi

Crude oil prices decline as supply concerns ease

Crude oil prices decline as supply concerns ease

Crude oil prices have started on a weak note. The supply concerns are eased and there are potential supply increase that the markets are readying themselves with, especially from Russia and Saudi Arabia, and that is pulling the prices lower

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