Tim Holland, CFA, Senior Vice President, Global Investment Strategist
On this week’s podcast (recorded December 1, 2017), Tim discusses what’s been pushing the commodity higher and, maybe more importantly, where the price of crude goes from here.
- Two primary factors are driving the rally in the price of oil, and from an economics perspective they are the classics: supply and demand.
- Facing greater demand and reduced supply, are we worried that the price of crude will continue to move up? Our short answer, is no.
- Looking out over the next year or so, we believe the price of oil will be range bound, with a lower band around $40 a barrel and an upper band around $60 a barrel.
For Tim’s full insights, click here to listen to the audio recording.
The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.