Should we buy into the oil indexes now given that the US and OPEC+ are really cutting down on production? - Seedly
 

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Asked by Anonymous

Asked on 19 Apr 2019

Should we buy into the oil indexes now given that the US and OPEC+ are really cutting down on production?

By cutting down production, it potentially means that we as investors might reap from this situation... So should we?

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Arun Pai
Arun Pai, Chief Kristals Officer at Kristal.AI
Level 4. Prodigy
Answered 4w ago

That's the billion dollar question isn't it! Sadly predicting the price (especially on a short term basis) for any underlying, especially something that can get whipsawed by a number of macro factors like Oil is basically impossible.

Some of the main factors are play on the demand side, or lack there of, is the electrification/use of LPG/LNG for the purposes of transportation while also a surge of supply given the shale boom in the US. Personally find there to be more value in the shipping of oil sector.

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