Cheap oil is ending. Thank goodness for a (somewhat) stronger rand!

The oil market is systematically rebalancing.

Kevin Lings, Stanlib Chief Economist

Oil prices hit their highest level so far this year, buoyed by a weak dollar.

Could this signal a turnaround?

Ray White interviewed Kevin Lings, Chief Economist at Stanlib Asset Management, on The Money Show.

Scroll down for quotes from the audio below.

The rand has done remarkably well since S&P left our rating unchanged.

Kevin Lings, Stanlib Chief Economist

We didn’t benefit when the oil price fell, because the rand weakened. The converse is now true.

Kevin Lings, Stanlib Chief Economist

If the oil price continues to rise it will draw more people back into fracking which will drive the price back down again.

Kevin Lings, Stanlib Chief Economist

I think oil prices at this level are better for the world economy.

Kevin Lings, Stanlib Chief Economist

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