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Wednesday, 6 October 2021

The good oil

Oil price doubles

Oil prices are back to their highest level since 2014, more than doubling from their lows.

Accordingly the energy sector is comfortably the top performer year to date. 

And one of the most popular energy ETFs has also more than doubled from the lows. 

Far less convinced about the outlook for oil prices from here, but the dividends will be pretty tidy for those who bought low. 

Nice bit of mean reversion in action.