Oil price at 2-year high (expect massive fuel price hikes in December)
We’re looking at another 60 cents added to the petrol price…Hanré Rossouw, Investec Asset Management
Global oil prices shot up to around $64 dollars per barrel after the 32-year old crown prince of Saudi Arabia, Mohammed Bin Salman, arrested his political rivals on corruption charges.
Is this the end of cheap oil?
The Money Show’s Bruce Whitfield interviewed Hanré Rossouw, Portfolio Manager at Investec Asset Management.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
I think it’s a bit overdone… $55/$60 seem more reasonable.Hanré Rossouw, Investec Asset Management
Oil demand is still growing… Decade-high global growth expectations...Hanré Rossouw, Investec Asset Management
This brings upside risk to inflation expectations.Hanré Rossouw, Investec Asset Management
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