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Oil: Can Recent Gains be Sustained?

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Oil: Can Recent Gains be Sustained?

ETFS Research Note Oil: Can Recent Gains be Sustained?

Summary

Oil prices have regained ground over the past week but higher prices might hinder the long-term recovery of the oil industry.
US oil rigs have declined by 19% since the end of August 2014, but it is too early to assess the impact on global production.
Further cuts are needed to allow for a sustained recovery in oil prices.

Simona Gambarini discusses the oil industry

Simona Gambarini, Research Analyst at ETF Securities provides an analysis of the current state of the oil industry in the context of US shale oil revolution.

Important Information

This communication has been provided by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the ”FCA”).

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