Will Oil Be The Best Investment Of 2015?

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Bank of America analysts believe that 2015 may be the time for investors to start dipping their toes into oil again. In a recent report, analysts presented the case for cautiously venturing into oil-exposed energy stocks that have heavily underperformed in 2014 due to the collapse in oil prices.
The core of Bank of America’s fundamental argument for buying into oil is a simple matter of supply and demand. Analysts argue that the crash in oil prices has nothing to do with oil demand, which remains stronger than ever. Weakness in oil has been entirely due to a glut in supply, mostly due to the huge ramp-up in North American production over the past few years.
WTI crude oil is currently priced at about $63 per barrel, down over 35 percent in the past year. Bank of America Commodities Strategist Francisco Blanch is predicting a rebound in the price of WTI oil to $72 per barrel in 2015 and $81 per barrel in 2016.

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Posted In: Long IdeasNewsGuidanceCommoditiesMarketsAnalyst RatingsTrading Ideas
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